Upstart Hldgs Unusual Options Activity For March 06
Portfolio Pulse from Benzinga Insights
Upstart Holdings (NASDAQ:UPST) has seen a mix of bullish and bearish options activity, with an equal split between investors' expectations. The options trades focus on a price band between $27.5 and $60.0. Notable trades include both calls and puts with varying sentiments and strike prices around $33.00 and $35.00. Upstart, a provider of AI-enabled lending platforms, is currently trading at $25.07, up 2.7%, and may be approaching oversold territory. Analysts from Piper Sandler and JP Morgan have given the stock Neutral and Underweight ratings, respectively, with target prices of $28 and $24.
March 06, 2024 | 4:45 pm
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NEUTRAL IMPACT
Upstart Holdings has experienced mixed options activity, indicating uncertainty among investors. The stock is currently up 2.7% and may be approaching oversold territory. Analyst ratings are mixed, with target prices of $28 and $24 from Piper Sandler and JP Morgan, respectively.
The mixed options activity with an equal split between bullish and bearish sentiments suggests uncertainty, which could lead to short-term volatility in UPST's stock price. However, the current uptick and potential oversold status may counterbalance the bearish outlook. Analyst ratings provide a mixed perspective, further complicating the short-term outlook.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100