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Morgan Stanley has revised its price target for Upstart Holdings, Inc., reducing it from $35.00 to $24.00.
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Several financial institutions, including Morgan Stanley, Citi, and B. Riley Securities, updated their ratings and price targets for Upstart Holdings, Inc. on November 5, 2026.
Upstart Holdings, Inc. reported third-quarter 2026 financial results, exceeding analyst estimates for revenue and earnings while lowering its full-year 2026 guidance due to macroeconomic headwinds.
Upstart reported its Q3 2026 financial results, highlighting record contribution profit and positive contribution margins for its secured products.
Upstart Holdings beat Q3 earnings expectations with 34% revenue growth to $370.5M and record contribution profit of $218M, up 48% YoY. The company raised full-year revenue guidance but cut EBITDA guidance due to macro headwinds. Secured loan originations surged 194% and achieved positive contribution margin ahead of schedule, though sequential loan originations declined. Despite macro challenges, Upstart maintains its 35% compound annual revenue growth target through 2028.
Filed: 2026-11-03 AccNo: 0001647639-26-000083 Size: 567 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits