B. Riley analyst Hal Goetsch upgraded Upstart (UPST) to Buy from Neutral with a price target of $105, up from $49. The company reported a “very strong” Q4 that “smashed” guidance and consensus estimates, the analyst tells investors in a research note. The firm says Upstart also issued a “robust outlook” for continued growth acceleration in 2025. Riley views the company as being in the early stages of a product- and technology-led growth acceleration, aided by a favorable improvement in the macro environment for the first time in several years. It sees the Upstart fee-based model as highly scalable into a better growth outlook.
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