BofA analyst Mihir Bhata raised the firm’s price target on Upstart (UPST) to $39 from $33 and keeps an Underperform rating on the shares. The firm is “not surprised” to see Upstart shares trading higher following the company’s Q4 report as the company is “clearly executing well and the ‘turnaround’ is complete.” However, though BofA has “no complaints on the execution or outlook,” it still believes the valuation is “rich,” the analyst tells investors.
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Read More on UPST:
- Upstart Holdings: Strong Growth, Strategic Advancements Reinforce Buy Rating
- Cautious Optimism for Upstart Holdings Amid Improved Metrics and Underlying Risks
- Upstart Holdings’ Strong Q4 Performance and Optimistic 2025 Outlook Drive Buy Rating and Increased Price Target
- Upstart upgraded to Buy from Neutral at B. Riley
- Upstart upgraded to Neutral from Underweight at JPMorgan