Upstart Holdings Inc (NASDAQ:UPST) shares are trading lower after the lending platform issued first-quarter revenue guidance below estimates.
Despite surpassing the consensus estimate with a fourth-quarter revenue of $140.91 million, representing a 4% year-over-year decrease, the San Mateo, California-based company reported a loss of 11 cents per share, outperforming analyst predictions for a loss of 14 cents per share.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release:
- Piper Sandler analyst Arvind Ramnani remains Neutral on the stock, while raising the price target from $27 to $28.
- Goldman Sachs analyst Michael Ng, CFA reiterated his Sell rating, with a 12-month target price of $12.
- JPMorgan Chase analyst Reginald L. Smith, CFA remains Underweight on Upstart stock, with a Dec. ’24 price target of $26.
- Wedbush analyst David J. Chiaverini, CFA maintained Underperform rating, with a 10-month price target of $10.
Check out other analyst stock ratings.
Piper Sandler: “Roses are red, violets are blue; macro still challenged, for UPST too” said Ramnani in his note reviewing Q4 earnings.
Upstart ...