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Monday, shares of Upstart Holdings Inc (NASDAQ:UPST), currently trading at $50.80 with a market capitalization of $4.82 billion, maintained a Neutral rating from analysts at JPMorgan with a price target of $79.00. According to InvestingPro data, net income is expected to grow this year, supporting JPMorgan’s anticipation of a strong first quarter for Upstart, which is set to report its Q1 2025 results on Tuesday after the market closes. Despite a minor increase in the company’s UMI index, which is associated with potential loan losses, the firm projects robust performance due to record loan originations on the SoFi (NASDAQ:SOFI) Loan Platform Business.
JPMorgan’s assessment pointed out that third-party funding capacity appears to be stable at present, as indicated by statements from SOFI and LC Management. With revenue growth of 23.43% in the last twelve months and analysts forecasting 48% growth in 2025, this perspective is noteworthy amidst recent concerns over the impact of tariff news on the market. The analysts expect that Upstart will reaffirm its guidance for the year 2025 and continue to monitor macroeconomic indicators closely.
Upstart’s stock has seen a recovery from the early April lows, although it remains 44% below the highs it reached in February. This is contrasted with the S&P 500, which has seen a 6% decline over the same period. The current stock performance sets the stage for investor attention as Upstart heads into its earnings report and the subsequent analyst day scheduled for next week.
Investors and market watchers will be looking for further insights from Upstart’s earnings call and analyst day, which may provide additional information on the company’s strategic direction and financial health in the face of broader economic conditions. For deeper analysis and exclusive insights into Upstart’s financials, InvestingPro offers comprehensive research reports and real-time metrics that can help investors make more informed decisions ahead of earnings events.
In other recent news, Upstart Holdings Inc. has announced a strategic partnership with OneProgress Services LLC, a fintech company primarily owned by Walmart (NYSE:WMT) Inc. This collaboration aims to market Upstart’s consumer lending products to Walmart’s extensive customer base through co-branded initiatives, including direct mail campaigns. Despite Upstart stating that this partnership is not expected to materially affect its financial condition or results for the fiscal year ending December 31, 2025, analysts like Dan Dolev from Mizuho (NYSE:MFG) maintain an Outperform rating, seeing it as a validation of Upstart’s lending capabilities. In a separate development, BofA Securities upgraded Upstart’s stock rating from Underperform to Neutral, setting a price target of $53.00. The upgrade reflects an improved risk-reward balance following a significant drop in Upstart’s share price. Additionally, Upstart has partnered with First Commonwealth (NYSE:FCF) Federal Credit Union to expand personal loan availability in Pennsylvania and New Jersey. This partnership is part of Upstart’s ongoing efforts to broaden its network and improve credit access through AI-driven lending solutions.
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