What's Going On With Upstart Holdings Stock?
Portfolio Pulse from Erica Kollmann
Upstart Holdings, Inc. (NASDAQ:UPST) shares are experiencing an increase, trading higher amid overall market strength. Over the past five days, the stock has risen over 10%. Mizuho analyst Dan Dolev maintained an Underperform rating but raised the price target from $19 to $23. Additionally, Upstart announced a partnership with Maine Savings to provide personal loans. The stock is trending due to high trading volume and significant short interest, with 41.11% of available shares sold short.
January 22, 2024 | 5:50 pm
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POSITIVE IMPACT
Upstart Holdings' stock is trading higher, influenced by a broader market uptrend and a recent partnership with Maine Savings. Mizuho's analyst raised the price target, and the stock is experiencing high trading volume and interest from retail investors and short-sellers.
The positive price action for UPST is likely due to a combination of factors: the broader market's strength, a raised price target by Mizuho, and a new partnership with Maine Savings. The high trading volume and significant short interest suggest increased attention from investors, which could lead to further volatility and potential short-term price increases.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100