These Analysts Increase Their Forecasts On Upstart After Upbeat Q2 Results

Benzinga Earnings08-05

Upstart Holdings Inc. (NASDAQ:UPST) on Tuesday posted upbeat second-quarter results. 

Upstart reported quarterly earnings of 16 cents per share. Quarterly revenue came in at $364.71 million, which beat the Street’s estimate of $351.52 million, according to Benzinga Pro data.

"We came into this quarter with a clear plan, and we executed against it — re-accelerating growth in core personal loans, moving our secured products rapidly toward profitability, and funding that growth without adding equity capital," said CEO Paul Gu.

Upstart Holdings affirmed FY2026 sales guidance of $1.400 billion.

Upstart shares rose 12.1% to $33.99 in pre-market trading.

These analysts made changes to their price targets on Upstart following earnings announcement.

  • Piper Sandler analyst Patrick Moley maintained the stock with an Overweight rating and raised the price target from $46 to $51.
  • Needham analyst Kyle Peterson maintained the stock with a Buy and raised the price target from $40 to $42.

Considering buying UPST stock? Here’s what analysts think:

Photo via Shutterstock

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment