Upstart Holdings Stock Plummets on Downgrade

The shares of artificial intelligence (AI) lending marketplace Upstart Holdings Inc (NASDAQ:UPST) are down 13.9% at $67.83 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. 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 ...