Citizens Keeps Market Perform Rating on Upstart Holdings (UPST)

Core Insights - Upstart Holdings, Inc. (NASDAQ:UPST) is recognized as one of the 12 best fintech stocks to buy according to analysts, despite recent market pullbacks in consumer finance stocks due to concerns over subprime credit trends [1][2]. Company Overview - Upstart Holdings, Inc. operates a cloud-based AI lending platform in the US, partnering with banks and credit unions to provide various loan products, including personal loans, automotive retail and refinance loans, home equity lines of credit, and small-dollar relief loans [4]. Market Conditions - Citizens has reaffirmed its Market Perform rating for Upstart, citing isolated indications of rising delinquencies among selected subprime auto and personal loan lenders, which includes Upstart as one of the affected companies [2]. - The lending market is increasingly focusing on undocumented borrowers, contributing to a cautious outlook for consumer lenders like Upstart [2]. - Additional factors affecting the outlook include speculation over the resumption of student loan repayments and renewed focus on tariff impacts on prices [3].