Live News EARNINGS ARTICLE L impact Aug 05, 2026, 12:06 PM UTC

These Analysts Increase Their Forecasts On Upstart After Upbeat Q2 Results

Upstart Holdings Inc. (NASDAQ: UPST ) on Tuesday posted upbeat second- quarter results. Upstart reported quarterly earnings of 16 cents per share. Quarterly revenue came in at $364.71 million, which beat the Street’s estimate of $351.52 million, according to Pro data. "We came into this quarter with a clear plan, and we executed against it — re-accelerating growth in core personal loans, moving our secured products rapidly toward profitability, and funding that growth without adding equity capital," said CEO Paul Gu. Upstart Holdings affirmed FY2026 sales guidance of $1.400 billion. Upstart shares rose 12.1% to $33.99 in pre-market trading. These analysts made changes to their price targets on Upstart following earnings announcement. Piper Sandler analyst Patrick Moley maintained the stock with an Overweight rating and raised the price target from $46 to $51. Needham analyst Kyle Pete...

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SquawkNews Newsroom 1 updates Updated Aug 05, 2026, 12:15 PM UTC

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12:15:00 PM UTC

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UPST Piper Sandler raised the firm's price target on Upstart to $51 from $46 and keeps an Overweight rating on the shares. The firm notes shares are up about 11% after hours on a solid quarter, as strength in core personal loans and a record contribution profit drove a return to GAAP profitability. Piper believes Upstart's moat is real as the model accuracy continues to widen.

Upstart Holdings Inc. (NASDAQ: UPST ) on Tuesday posted upbeat second- quarter results.

Upstart reported quarterly earnings of 16 cents per share.

Quarterly revenue came in at $364.71 million, which beat the Street’s estimate of $351.52 million, according to Pro data. "We came into this quarter with a clear plan, and we executed against it — re-accelerating growth in core personal loans, moving our secured products rapidly toward profitability, and funding that growth without adding equity capital," said CEO Paul Gu.

Upstart Holdings affirmed FY2026 sales guidance of $1.400 billion.

Upstart shares rose 12.1% to $33.99 in pre-market trading.

These analysts made changes to their price targets on Upstart following earnings announcement.

Piper Sandler analyst Patrick Moley maintained the stock with an Overweight rating and raised the price target from $46 to $51.

Needham analyst Kyle Peterson maintained the stock with a Buy and raised the price target from $40 to $42.

Considering buying UPST stock? Here’s what analysts think: Photo via Shutterstock