Upstart Stock Jumps on Upgrade to 'Buy'

Artificial intelligence (AI) lending stock Upstart Holdings Inc (NASDAQ:UPST) is surging today, up 9.2% at $84.20 at last glance, following an upgrade from Needham to "buy" from "hold." The firm cited a better funding balance, and set its price target at$100, a level not seen since 2022. Today's pop has UPST nearing its Nov. 11 two-year high of $86.07, with support from the ascending 20-day moving average. Longer term, UPST is outperforming with a 102.4% year-to-date gain. Options traders are eyeing Upstar ...