why Upstart Holdings Inc. [UPST] is a Good Choice for Investors After New Price Target of $263.00


Upstart Holdings Inc. [NASDAQ: UPST] loss -5.59% or -8.08 points to close at $136.58 with a heavy trading volume of 5694744 shares. The company report on December 9, 2021 that Upstart and the National Bankers Association Partner to Provide AI Lending Technology for Minority-Owned Banks.

Upstart (NASDAQ: UPST), a leading artificial intelligence (AI) lending platform, and the National Bankers Association (NBA) today announced a partnership to improve access to affordable credit for customers of minority-owned depository institutions (MDIs) through a unique agreement to use Upstart’s AI lending platform.

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This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211209005372/en/.

It opened the trading session at $144.91, the shares rose to $146.83 and dropped to $133.34, the range by which the price of stock traded the whole day. The daily chart for UPST points out that the company has recorded 16.34% gains over the past six months. However, it is still -258.95% lower than its most recent low trading price.

If we look at the average trading volume of 4.92M shares, UPST reached to a volume of 5694744 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Upstart Holdings Inc. [UPST]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for UPST shares is $263.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on UPST stock is a recommendation set at 1.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wedbush have made an estimate for Upstart Holdings Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on December 22, 2021. While these analysts kept the previous recommendation, Morgan Stanley raised their target price to Equal-Weight. The new note on the price target was released on December 09, 2021, representing the official price target for Upstart Holdings Inc. stock. Previously, the target price had yet another raise to $350, while Citigroup analysts kept a Buy rating on UPST stock. On October 26, 2021, analysts increased their price target for UPST shares from 160 to 330.

The Average True Range (ATR) for Upstart Holdings Inc. is set at 15.18, with the Price to Sales ratio for UPST stock in the period of the last 12 months amounting to 19.22. The Price to Book ratio for the last quarter was 15.08, with the Price to Cash per share for the same quarter was set at 12.37. Price to Free Cash Flow for UPST in the course of the last twelve months was 47.32.

Trading performance analysis for UPST stock

Upstart Holdings Inc. [UPST] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.32. With this latest performance, UPST shares dropped by -20.40% in over the last four-week period, additionally plugging by 16.34% over the last 6 months – not to mention a rise of 182.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for UPST stock in for the last two-week period is set at 34.99, with the RSI for the last a single of trading hit 35.01, and the three-weeks RSI is set at 35.65 for Upstart Holdings Inc. [UPST]. The present Moving Average for the last 50 days of trading for this stock 217.91, while it was recorded at 147.17 for the last single week of trading, and 187.68 for the last 200 days.

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An analysis of insider ownership at Upstart Holdings Inc. [UPST]

There are presently around $7,097 million, or 52.30% of UPST stock, in the hands of institutional investors. The top three institutional holders of UPST stocks are: THIRD POINT LLC with ownership of 12,400,000, which is approximately -7.333% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 4,430,290 shares of the stock with an approximate value of $640.89 million in UPST stocks shares; and VULCAN VALUE PARTNERS, LLC, currently with $614.87 million in UPST stock with ownership of nearly 179.433% of the company’s market capitalization.

330 institutional holders increased their position in Upstart Holdings Inc. [NASDAQ:UPST] by around 15,465,505 shares. Additionally, 110 investors decreased positions by around 11,907,142 shares, while 27 investors held positions by with 21,689,439 shares. The mentioned changes placed institutional holdings at 49,062,086 shares, according to the latest SEC report filing. UPST stock had 219 new institutional investments in for a total of 3,820,601 shares, while 53 institutional investors sold positions of 2,659,382 shares during the same period.