JP Morgan Maintains Underweight on Upstart Hldgs, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith has maintained an 'Underweight' rating on Upstart Holdings (NASDAQ:UPST) and raised the price target from $23 to $28.
August 22, 2023 | 1:07 pm
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JP Morgan has maintained an 'Underweight' rating on Upstart Holdings and raised the price target from $23 to $28.
The 'Underweight' rating suggests that JP Morgan expects UPST's performance to be below average. However, the increase in price target from $23 to $28 indicates a slightly more positive outlook than before. This mixed signal could lead to uncertainty among investors, potentially putting downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100