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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
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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.
Morgan Stanley has revised its price target for Upstart Holdings, Inc., reducing it from $35.00 to $24.00.
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.