Why Upstart Holdings shares are up today
Upstart Holdings, Inc. UPST shares trade higher on Tuesday on positive analyst coverage from BTIG.
Details:
BTIG analyst Lance Jessurun held Upstart with a Buy rating and raised the price target from $42 to $72.
The increase in price target appears to be driving Upstart shares to heavy trading volume. According to Benzinga Pro, more than 16 million shares have already been traded during the session, compared to the 100-day average of 10.395 million shares.
UPST's shares are up over 110% in the past month and over 320% in the past three months, potentially due to AI excitement.
Upstart is an AI-powered lending marketplace that partners with banks and credit unions to expand access to affordable credit. Upstart provides a fully digital and automated lending platform that enables over two-thirds of its loans to be approved instantly.
Upstart will release its second quarter financial results on August 8 after market close. The company said it would discuss its results on a conference call after the release at 4:30 p.m. HE.
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UPST Price Action: According to Benzinga Pro, Upstart shares are up 17.4% to $62.92 at press time.
Image: TBIT from Pixabay
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Upstart Holdings, Inc. UPST shares trade higher on Tuesday on positive analyst coverage from BTIG.
Details:
BTIG analyst Lance Jessurun held Upstart with a Buy rating and raised the price target from $42 to $72.
The increase in price target appears to be driving Upstart shares to heavy trading volume. According to Benzinga Pro, more than 16 million shares have already been traded during the session, compared to the 100-day average of 10.395 million shares.
UPST's shares are up over 110% in the past month and over 320% in the past three months, potentially due to AI excitement.
Upstart is an AI-powered lending marketplace that partners with banks and credit unions to expand access to affordable credit. Upstart provides a fully digital and automated lending platform that enables over two-thirds of its loans to be approved instantly.
Upstart will release its second quarter financial results on August 8 after market close. The company said it would discuss its results on a conference call after the release at 4:30 p.m. HE.
Related News: What's going on with Nikola Stock today?
UPST Price Action: According to Benzinga Pro, Upstart shares are up 17.4% to $62.92 at press time.
Image: TBIT from Pixabay
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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