Wedbush Estimates Upstart's FY2026 Earnings (NASDAQ:UPST)

Upstart Holdings, Inc. (NASDAQ:UPST - Free Report) - Equities researchers at Wedbush raised their FY2026 earnings estimates for shares of Upstart in a report issued on Monday, November 25th. Wedbush analyst D. Chiaverini now forecasts that the company will post earnings per share of $0.31 for the year, up from their previous forecast of $0.30. Wedbush has a "Neutral" rating and a $60.00 price target on the stock. The consensus estimate for Upstart's current full-year earnings is ($2.18) per share.

Several other analysts also recently weighed in on UPST. BTIG Research raised Upstart from a "sell" rating to a "neutral" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upgraded shares of Upstart from an "underweight" rating to a "neutral" rating and lifted their price objective for the company from $30.00 to $45.00 in a research note on Friday, November 8th. Barclays increased their target price on shares of Upstart from $25.00 to $35.00 and gave the company an "equal weight" rating in a research report on Monday, August 12th. Mizuho boosted their price target on shares of Upstart from $33.00 to $48.00 and gave the stock an "outperform" rating in a research report on Friday, September 20th. Finally, Piper Sandler upgraded shares of Upstart from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $31.00 to $85.00 in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $46.83.

Upstart Stock Performance

Shares of UPST traded down $1.01 during mid-day trading on Tuesday, reaching $78.51. 5,718,698 shares of the company's stock traded hands, compared to its average volume of 6,897,585. The business's 50-day moving average price is $53.10 and its 200-day moving average price is $37.61. The stock has a market capitalization of $7.16 billion, a P/E ratio of -40.68 and a beta of 1.97. Upstart has a 12 month low of $20.60 and a 12 month high of $86.07.

Hedge Funds Weigh In On Upstart

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fred Alger Management LLC grew its stake in Upstart by 153.2% during the 3rd quarter. Fred Alger Management LLC now owns 1,246,839 shares of the company's stock valued at $49,886,000 after acquiring an additional 754,416 shares in the last quarter. Two Sigma Advisers LP grew its position in Upstart by 689.5% during the third quarter. Two Sigma Advisers LP now owns 589,000 shares of the company's stock valued at $23,566,000 after purchasing an additional 514,400 shares in the last quarter. Tidal Investments LLC increased its stake in Upstart by 1,413.7% in the 3rd quarter. Tidal Investments LLC now owns 333,463 shares of the company's stock valued at $13,342,000 after buying an additional 311,434 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Upstart by 63.8% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 725,582 shares of the company's stock worth $29,031,000 after buying an additional 282,481 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Upstart by 1,792.9% during the 2nd quarter. Millennium Management LLC now owns 262,396 shares of the company's stock valued at $6,190,000 after buying an additional 277,896 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CTO Paul Gu sold 21,214 shares of Upstart stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.03, for a total value of $1,591,686.42. Following the transaction, the chief technology officer now owns 863,065 shares of the company's stock, valued at approximately $64,755,766.95. This trade represents a 2.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chief Legal Officer Scott Darling sold 9,000 shares of the business's stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $45.00, for a total value of $405,000.00. Following the sale, the insider now owns 164,870 shares in the company, valued at approximately $7,419,150. The trade was a 5.18 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 451,742 shares of company stock worth $24,719,949. 18.06% of the stock is owned by insiders.

Upstart Company Profile

Upstart Holdings, Inc, together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform includes personal loans, automotive retail and refinance loans, home equity lines of credit, and small dollar loans that connects consumer demand for loans to its to bank and credit unions.