$Upstart Holdings, Inc.(UPST)$
From Barron's: “Along with continued share gain momentum in personal loans, we think there’s a lot more to come on the auto ramp (bank partners, rooftop growth)… the momentum narrative looks to be well-intact,” Citi said in a research note. Citi has a price target on the stock of $350.
As for the buyback, Chief Financial Officer Sanjay Datta said, “With the volatility in the trading of our stock, we have seen what we believe to be attractive buying conditions at various times over the past year, and our profitability puts us in a position to be able to initiate this program and take advantage of those situations on behalf of our shareholders.”BULLISH.
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