Upstart Stock Drops Despite Q1 Beat: Analysts Highlight AI Progress, Warn Of Inflation Risks

Upstart Holdings, Inc. UPST shares are trading lower on Wednesday.On Tuesday, Upstart reported first-quarter earnings of 30 cents per share, which beat the analyst consensus estimate of 17 cents.Quarterly revenue was $213.37 million. That’s up from $127.79 million in the same period last year. The company beat the consensus estimate of $199.49 millionHere are the key analysts’ takes on the stock:JPMorgan analyst Reginald L. Smith reiterated the Neutral rating on Upstart, lowering the price forecast from $79 ...