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Upstart Stock Falls on Forecast Despite Earnings Beat
UpstartUpstart(US:UPST) Schaeffers Investment Research·2025-05-08 02:23

Artificial intelligence (AI) lending stock Upstart Holdings Inc (NASDAQ:UPST) was last seen down 11.9% at 45.27,brushingoffupbeatfirstquarterresultsaswellasastrongfullyearforecast,afterthecompanyssecondquarteroutlookspookedinvestors.Nofewerthanfouranalystsslashedtheirpricetargetsaftertheevent,includingMorganStanleyallthewayto45.27, brushing off upbeat first-quarter results as well as a strong full-year forecast, after the company's second-quarter outlook spooked investors. No fewer than four analysts slashed their price targets after the event, including Morgan Stanley all the way to 50 from $70. Options traders are blasting Upstart stock in response. So far today, 62,000 calls and 47,000 puts have been exchanged , which ...