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Upstart Holdings Stock Plummets on Downgrade
UPSTUpstart(UPST) Schaeffers Investment Research·2024-12-02 16:08

The shares of artificial intelligence (AI) lending marketplace Upstart Holdings Inc (NASDAQ:UPST) are down 13.9% at 67.83atlastglance,afteradowngradefromJ.P.MorganSecuritiesto"underweight"from"neutral,"thoughthefirmalsoaddedaprice−targethiketo67.83 at last glance, after a downgrade from J.P. Morgan Securities to "underweight" from "neutral," though the firm also added a price-target hike to 57 from 45.Theanalystincoverageexpectsthefundingenvironmenttoimprovein2025. Pacingforitsworstsingle−daypercentagelosssinceFebruary,UpstartstockispullingbackfromitsNov.11,two−yearhighof45. The analyst in coverage expects the funding environment to improve in 2025. Pacing for its worst single-day percentage loss since February, Upstart stock is pulling back from its Nov. 11, two-year high of 86.07. Shares are testin ...