UPST - Upstart Nearing Inflection Point? 2 Analysts Examine Opportunities And Challenges Post-Q1 Earnings | Benzinga
Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading lower after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.
Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million.
The results came amid an exciting earnings season. Here are some key analyst takeaways.
- JPMorgan analyst Reginald L. Smith reaffirmed an Underweight rating with a price target of $24.00.
- Needham analyst Kyle Peterson reiterated a Hold rating on the stock.
Check out other analyst stock ratings.
JPMorgan: Upstart benefits from a powerful flywheel effect that creates a virtuous cycle, whereby greater repayment data leads to improved risk and fraud detection, which leads to higher approval rates and increased volume.
While retaining Underweight, Smith is incrementally ...