Upstart Holdings Inc. ($UPST) Stock Forecast: Down 6.5% Today

What is Upstart Holdings Inc.?

Upstart Holdings, Inc. (UPST) is a technology company that leverages artificial intelligence for transforming lending practices. The company's stock, listed as UPST on NASDAQ, saw a notable downturn today.

Why is Upstart Holdings Inc. going down?

UPST stock is down 6.5% on May 13, 2026 14:06

• UPST stock dropped by 9.71% due to a recently disclosed securities fraud lawsuit asserting misleading statements about their AI-driven lending growth.
• The lawsuit alleges that Upstart Holdings provided inaccurate information about its AI model, Model 22, resulting in adverse effects on business performance and shareholder losses.
• Claims of exaggerated AI forecasts and deceptive information concerning loan approval rates and revenues have undermined investor trust in Upstart Holdings.
• The disproportionate response of Model 22 to negative macroeconomic indicators, affecting loan approvals and revenue, has compounded the company's legal and financial challenges.

UPST Price Chart

UPST Technical Analysis

UPST News

UPST Investor Alert: Upstart Holdings Securities Fraud Lawsuit - Investors With Losses May Seek to Lead the Class Action After Company Allegedly Misled on AI Growth: Levi & Korsinsky

Levi & Korsinsky, LLP has provided context on a securities class action lawsuit against Upstart Holdings, Inc. (NASDAQ: UPST) for allegedly misleading investors about its AI-powered lending growth. The lawsuit covers purchases made between May 14, 2025, and November 4, 2025, during which the company's AI model, Model 22, reportedly tightened credit approvals despite outwardly optimistic projections. Following admissions by management about Model 22 being "overresponsive" and known conservatism, Upstart's stock experienced a significant single-day decline of 9.71%.

https://www.businesswire.com/news/home/20260512552300/en/UPST-Investor-Alert-Upstart-Holdings-Securities-Fraud-Lawsuit---Investors-With-Losses-May-Seek-to-Lead-the-Class-Action-After-Company-Allegedly-Misled-on-AI-Growth-Levi-Korsinsky

UPST Investors Have Opportunity to Lead Upstart Holdings, Inc. Securities Fraud Lawsuit with the Schall Law Firm

The Schall Law Firm is encouraging investors who purchased Upstart Holdings, Inc. securities between May 14, 2025, and November 4, 2025, to join a class action lawsuit. The lawsuit alleges that Upstart made false and misleading statements regarding its "Model 22" AI's accuracy and its negative impact on business performance. Shareholders who suffered losses are urged to contact the firm before June 8, 2026, to discuss their rights.

https://www.globenewswire.com/news-release/2026/05/12/3293070/0/en/upst-investors-have-opportunity-to-lead-upstart-holdings-inc-securities-fraud-lawsuit-with-the-schall-law-firm.html

SHAREHOLDER ALERT Bernstein Liebhard LLP Announces A

Bernstein Liebhard LLP has announced the filing of a securities class action lawsuit against Upstart Holdings, Inc. (UPST) on behalf of investors who purchased shares between May 14, 2025, and November 4, 2025. The lawsuit alleges that Upstart made misrepresentations regarding its loan approval rates, revenues, and growth. Shareholders affected by these alleged misrepresentations are encouraged to join the lawsuit, with a lead plaintiff deadline of June 8, 2026.

https://www.globenewswire.com/news-release/2026/05/12/3293108/0/en/SHAREHOLDER-ALERT-Bernstein-Liebhard-LLP-Announces-A-Securities-Fraud-Class-Action-Lawsuit-Has-Been-Filed-Against-Upstart-Holdings-Inc-UPST.html

UPST Investor Alert: Upstart Holdings Securities Fraud

Levi & Korsinsky, LLP has issued an investor alert regarding a securities fraud lawsuit against Upstart Holdings, Inc. (NASDAQ: UPST). The lawsuit alleges executives inflated AI projections, leading to artificially inflated share prices between May 14, 2025, and November 4, 2025. Institutional investors with losses are encouraged to seek lead plaintiff opportunities before the June 8, 2026, deadline.

https://www.globenewswire.com/news-release/2026/05/11/3292258/3080/en/upst-investor-alert-upstart-holdings-securities-fraud-lawsuit-investors-with-losses-may-seek-to-lead-the-class-action-after-executives-allegedly-inflated-ai-projections-levi-korsin.html

Bronstein, Gewirtz & Grossman LLC Urges Upstart Holdings,

Bronstein, Gewirtz & Grossman LLC has announced a class action lawsuit against Upstart Holdings, Inc. (NASDAQ: UPST) and its officers. The lawsuit alleges that Upstart made false and misleading statements about its AI underwriting model, Model 22, which frequently overreacted to negative macroeconomic signals, impacting loan approval rates and revenue. Investors who purchased Upstart securities between May 14, 2025, and November 4, 2025, are encouraged to join the case by June 8, 2026, to recover damages.

https://www.globenewswire.com/news-release/2026/05/11/3292154/0/en/Bronstein-Gewirtz-Grossman-LLC-Urges-Upstart-Holdings-Inc-Investors-to-Act-Class-Action-Filed-Alleging-Investor-Harm.html

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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.

13.04.2026 - UPST Stock was down 6.5%

• UPST stock dropped by 9.71% due to a recently disclosed securities fraud lawsuit asserting misleading statements about their AI-driven lending growth.
• The lawsuit alleges that Upstart Holdings provided inaccurate information about its AI model, Model 22, resulting in adverse effects on business performance and shareholder losses.
• Claims of exaggerated AI forecasts and deceptive information concerning loan approval rates and revenues have undermined investor trust in Upstart Holdings.
• The disproportionate response of Model 22 to negative macroeconomic indicators, affecting loan approvals and revenue, has compounded the company's legal and financial challenges.

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.

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.

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.

07.04.2026 - UPST Stock was up 5.8%

• UPST stock displayed a robust bullish movement recently.
• The positive sentiment surrounding the company's Co-founder and CEO's participation in the J.P. Morgan Global Technology, Media & Communications Conference likely contributed to this bullish trend, highlighting the company's leadership.
• Despite concerns regarding expense misses and increased losses, the market appears to be emphasizing the company's strong revenue growth and positive full-year financial outlook. This has bolstered investor confidence, propelling the stock price upwards.
• Investors seem to view Upstart Holdings' growth trajectory and potential profitability favorably, choosing to focus on the long-term value proposition rather than short-term challenges.

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.

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.