Upstart Hldgs Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial analysts observed unusual options activity on Upstart Holdings (NASDAQ:UPST), with a bullish sentiment prevailing among traders. Analysis revealed 12 unusual trades, with 66% being bullish and 33% bearish. The trades included 5 puts valued at $292,336 and 7 calls valued at $290,372, targeting a price range of $16.0 to $50.0 for UPST. The largest trades included both bullish and bearish sentiments with varying strike prices and expiration dates. Upstart Holdings, a provider of AI-enabled lending platforms, has seen its stock price slightly decrease to $24.16. Analysts from JP Morgan and Piper Sandler have given UPST an average target price of $26.0, with ratings of Underweight and Neutral, respectively.

February 26, 2024 | 7:30 pm
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Upstart Holdings observed unusual options activity with a bullish sentiment. Analysts have set an average target price of $26.0, despite a slight decrease in stock price to $24.16.
The bullish sentiment in options trading, combined with the target price set by analysts, suggests a positive short-term outlook for UPST. The slight decrease in stock price may present a buying opportunity, as the stock is potentially undervalued.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100