Upstart Holdings Inc. ($UPST) Stock Forecast: Down 9.5% Today

What is Upstart Holdings Inc.?

Upstart Holdings Inc. (NASDAQ: UPST) is a fintech company that utilizes artificial intelligence to facilitate consumer lending decisions. The company has been experiencing significant growth in its revenue and originations.

Why is Upstart Holdings Inc. going down?

UPST stock is down 9.5% on May 6, 2026 19:37

• Despite reporting a 44% year-over-year increase in revenue, Upstart's stock saw a decline following its Q1 2026 financial results.
• The reduction of the stock price target by a research firm to $37 from $40, pointing to missed profitability targets due to higher expenses, influenced the negative market sentiment.
• A wider net loss per share in Q1 and earnings below analyst expectations resulted in a more than 10% decrease in post-market trading.
• The mention of a securities class action lawsuit alleging misleading statements related to the company's AI technology potentially exacerbated investor concerns and contributed to the downturn in Upstart's stock.

UPST Price Chart

UPST Technical Analysis

UPST News

Needham cuts Upstart stock price target to $37 on expense miss

Needham has reduced its price target for Upstart Holdings Inc. (NASDAQ:UPST) shares to $37 from $40, while maintaining a Buy rating. This adjustment follows mixed first-quarter results where revenue surpassed expectations but profitability missed due to higher expenses. Despite a near-term profitability miss, Upstart remains profitable over the last twelve months, with analysts predicting net income growth this year.

https://www.investing.com/news/analyst-ratings/needham-cuts-upstart-stock-price-target-to-37-on-expense-miss-93CH-4663087

Upstart Holdings, Inc. 2026 Q1 - Results - Earnings Call Presentation (NASDAQ:UPST) 2026-05-05

Upstart Holdings, Inc. (NASDAQ:UPST) released its Q1 2026 earnings call presentation on May 5, 2026. The company reported an EPS of $0.31, missing estimates by $0.12, but revenue of $308.21M, a 44.45% year-over-year increase, beat expectations by $7.36M. This article provides insights into the financial results as presented in the slide deck.

https://seekingalpha.com/article/4898939-upstart-holdings-inc-2026-q1-results-earnings-call-presentation

Upstart stock slumps as Q1 loss widens, earnings fall short of expectations (UPST:NASDAQ)

Upstart Holdings (UPST) stock slumped after its first-quarter earnings fell short of analyst expectations, with a wider net loss per share of $0.07 compared to $0.03 previously. Shares decreased by over 10% in post-market trading. Despite the earnings miss, the Q1 revenue was noted to be above the Visible Alpha consensus.

https://seekingalpha.com/news/4586157-upstart-stock-slumps-as-q1-loss-widens-earnings-fall-short-of-expectations

Upstart Announces First Quarter 2026 Results

Upstart Holdings, Inc. announced its financial results for the first quarter ended March 31, 2026, reporting a 61% year-over-year increase in originations and a 44% increase in total revenue to $308 million. Despite continued growth, the company reported a net loss of ($6.6) million, compared to ($2.4) million in Q1 2025. Upstart reaffirmed its full-year 2026 financial outlook, expecting total revenue of approximately $1.4 billion and an Adjusted EBITDA of about $294 million.

https://investingnews.com/upstart-announces-first-quarter-2026-results/

UPST INVESTOR NOTICE: Faruqi & Faruqi, LLP Reminds Upstart (UPST) Investors of Securities Class Action Deadline on June 8, 2026

Faruqi & Faruqi, LLP is reminding investors of Upstart (NASDAQ: UPST) about the June 8, 2026 deadline to seek lead plaintiff status in a securities class action lawsuit. The lawsuit alleges that Upstart and its executives made false and misleading statements regarding the accuracy and effectiveness of its "Model 22" AI, which led to a significant negative impact on the company's revenue and subsequently caused a stock price drop. Investors who purchased or acquired Upstart securities between May 14, 2025, and November 4, 2025, and suffered losses are encouraged to contact the firm.

https://www.morningstar.com/news/pr-newswire/20260505ny50769/upst-investor-notice-faruqi-faruqi-llp-reminds-upstart-upst-investors-of-securities-class-action-deadline-on-june-8-2026

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Upstart Holdings Inc. Price History

01.04.2026 - UPST Stock was up 5.6%

• UPST saw a significant bullish movement in the market today, despite facing class action lawsuits related to its AI lending platform.
• The recent partnership with Justice Federal Credit Union to provide digital personal loans reflects UPST's dedication to expanding its services and reaching a broader customer base.
• Investors are expressing optimism toward UPST's future potential and the advantages of its AI-driven platform, choosing to focus on growth opportunities over legal challenges.
• The market's positive response may indicate confidence in UPST's ability to overcome legal obstacles and maintain its innovative lending approach, leading to an increase in the stock price amid ongoing litigation.

23.03.2026 - UPST Stock was down 5.1%

• UPST announced a $1.2 billion loan purchase commitment from Centerbridge Partners L.P., enhancing its funding capabilities. However, a securities fraud lawsuit against the Co-founder and CTO raised concerns about oversight of the AI underwriting system.
• The lawsuit alleges that the AI system reacted strongly to negative economic signals, potentially causing losses for investors and impacting UPST's stock performance.
• Despite the positive loan commitment, legal challenges and accusations of non-disclosure by executives may have outweighed the company's partnerships and funding expansion, contributing to the stock's decline.

21.03.2026 - UPST Stock was down 5.1%

• The decline in UPST stock today is linked to multiple securities fraud lawsuits claiming that Upstart provided false information to investors regarding the capabilities and effects of its AI model, specifically Model 22.
• Investor trust in Upstart may have been impacted by the allegations of misleading disclosures about loan approval rates, revenues, and growth, triggering a sell-off of the stock.
• The uncertainties surrounding the legal disputes and their potential consequences on Upstart's business operations could be prompting investors to reconsider their positions in the company, resulting in the bearish market movement witnessed today.

14.03.2026 - UPST Stock was up 8.0%

• Upstart Holdings (UPST) observed a bullish market movement today despite facing class action lawsuits and a revised price target from BofA Securities.
• Investor sentiment may be positive as they perceive the legal challenges as temporary setbacks that Upstart can overcome.
• The uptick in the market could be ascribed to investors' focus on Upstart's AI underwriting model and its potential for long-term growth, rather than immediate legal concerns.
• Overall, market sentiment indicates confidence in Upstart's ability to surmount existing legal hurdles and sustain its growth momentum in the financial technology sector.

17.03.2026 - UPST Stock was up 5.3%

• Upstart Holdings (UPST) saw a strong bullish movement despite legal issues related to its AI underwriting model and not meeting financial expectations.
• The company's stock surged notably, driven by high expectations for the upcoming first-quarter earnings report anticipating 40% annual revenue growth to $1.4 billion.
• Investor optimism in Upstart's long-term growth potential seemed to overshadow its current legal troubles, reflecting positively in the market sentiment.
• The release of preliminary ratings for Upstart Securitization Trust 2026-2, a $320.14 million consumer loan ABS securitization, also contributed to boosting investor confidence in the company's financial stability and future prospects.

29.03.2026 - UPST Stock was down 6.7%

• The bearish movement in UPST stock today can be attributed to multiple securities class action lawsuits filed against the company, alleging false and misleading statements about its AI lending model, Model 22, and its impact on revenue.
• Investors seem to have reacted negatively to the allegations that Upstart executives made false claims about the accuracy of their AI underwriting model, leading to a significant drop in stock price and potential losses.
• The ongoing legal challenges and uncertainties surrounding the accuracy and impact of Upstart's AI lending model seem to have shaken investor confidence, resulting in the bearish movement in the stock today.

29.03.2026 - UPST Stock was down 6.3%

• UPST experienced a bearish movement today following multiple securities class action lawsuits and allegations of misleading investors about its AI underwriting system's performance, specifically Model 22.
• The lawsuits claim that UPST made false and misleading statements regarding its loan approval rates, revenues, and growth, causing investors to suffer damages and leading to a significant drop in the stock price.
• Allegations of Model 22 overreacting to macroeconomic signals, suppressing loan approvals, and negatively impacting revenue guidance have contributed to the negative sentiment surrounding UPST.
• The upcoming lead plaintiff deadline of June 8, 2026, in the securities class action lawsuits may continue to weigh on UPST's stock performance as investors assess the potential implications of the legal challenges.

15.03.2026 - UPST Stock was up 7.1%

• Despite facing class action lawsuits and accusations of misleading statements concerning its AI lending platform, Upstart Holdings, Inc. (UPST) showed significant bullish movement in the market today.
• Investors appear to be more interested in the company's growth potential and innovation rather than its current legal challenges.
• The increased stock value may also be a result of positive market sentiment towards the technology sector overall, pushing UPST stock higher despite negative publicity.
• This situation highlights how investor optimism and market trends can sometimes outweigh short-term legal uncertainties in the stock market, leading to unexpected bullish movements in stock prices.

31.02.2026 - UPST Stock was up 6.2%

• A bearish outlook on UPST was reiterated with a Market Underperform rating and a price target of $20.00.
• UPST was upgraded to a Buy rating from Neutral, with a new price target of $53, based on the potential for a bank charter to reduce funding risks.
• The company secured a significant $1 billion funding agreement and gained momentum towards a bank charter, aiming to enhance funding and mitigate liquidity risks.
• Despite concerns about stagnant margins and competition from AI-driven solutions, positive news of funding agreements and potential bank charter advancements seem to have fueled the bullish movement in UPST's stock today.

06.04.2026 - UPST Stock was down 9.5%

• Despite reporting a 44% year-over-year increase in revenue, Upstart's stock saw a decline following its Q1 2026 financial results.
• The reduction of the stock price target by a research firm to $37 from $40, pointing to missed profitability targets due to higher expenses, influenced the negative market sentiment.
• A wider net loss per share in Q1 and earnings below analyst expectations resulted in a more than 10% decrease in post-market trading.
• The mention of a securities class action lawsuit alleging misleading statements related to the company's AI technology potentially exacerbated investor concerns and contributed to the downturn in Upstart's stock.

04.04.2026 - UPST Stock was down 5.1%

• UPST stock declined notably due to various class action lawsuits accusing the company of securities fraud concerning its AI lending platform, Model 22.
• Allegations suggest Upstart provided inaccurate information about the effectiveness of its AI, impacting business performance and revenue outlook negatively.
• Investors are worried about how these claims might affect UPST's financial stability and profitability, potentially leading to the stock's decline.
• Persistent legal troubles and skepticism regarding the company's technology have likely shaken investor confidence, contributing to the stock being undervalued despite recent price growth.

06.04.2026 - UPST Stock was down 12.1%

• Despite a 44.45% year-over-year increase in revenue, Upstart's stock experienced significant bearish movement as it missed earnings estimates and reported a wider net loss per share in Q1.
• The market reacted negatively to the company falling short of analyst expectations, resulting in a double-digit percentage drop in share price during post-market trading.
• Concerns were raised by a securities class action lawsuit alleging false statements about the effectiveness of Upstart's AI models, potentially adding to investor worries and impacting the stock price.
• Strong growth in originations and revenue by Upstart was overshadowed by the discrepancy between performance and market expectations, combined with legal uncertainties, which led to the bearish market movement.