Wedbush Reiterates Underperform on Upstart Hldgs, Maintains $10 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst David Chiaverini has reiterated an Underperform rating on Upstart Holdings (UPST) and maintained a price target of $10. This reaffirmation of the negative outlook suggests skepticism about UPST's near-term prospects.
May 08, 2024 | 1:50 pm
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Wedbush analyst reaffirms Underperform rating on UPST with a $10 price target, indicating skepticism about its near-term growth.
The reaffirmation of an Underperform rating by a prominent analyst like David Chiaverini, coupled with the maintenance of a low price target, suggests that there are significant concerns about Upstart Holdings' performance and outlook. This could lead to negative investor sentiment and potentially impact the stock's price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100