Upstart price target raised to $88 from $59 at BofA

BofA analyst Mihir Bhata raised the firm’s price target on Upstart (UPST) to $88 from $59 and keeps a Neutral rating on the shares. The firm, which expects Upstart to issue “a solid 2Q print” on August 5, notes that its estimates are above the Street view for Q2 on both the top and bottom-line. However, the firm thinks the bar is high and views the risk/reward as “balanced” into the report given expectations.

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