BTIG raised the firm’s price target on Upstart to $72 from $42 and keeps a Buy rating on the shares ahead of its Q2 results. The analyst sees a strong top-line beat given the firm’s analysis of web traffic resulting in rate checks but also notes that given the recent run-up in the name, there’s a good chance that the stock’s recent appreciation of 73% since June 13 is a result of short covering ahead of earning.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on UPST:
- UPST Stock Surges on Hiked Revenue Estimates
- Upstart Holdings call volume above normal and directionally bullish
- Upstart Stock (NASDAQ:UPST): Analysts See Downside after a Jaw-Dropping Run
- Upstart Holdings put volume heavy and directionally bearish
- UPST vs. AFRM: Which Digital Lending Stock is Better?