Jefferies and Bank of America Raise Price Targets on Upstart After CFO Meeting and Strong Originations

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Jefferies raised its price target on Upstart Holdings to $30 from $27 while maintaining a Hold rating, citing discussions with the newly appointed CFO that highlighted a renewed focus on core non-prime lending, new product verticals, and bank charter progress. Bank of America also raised its target to $37 from $36 with a Neutral rating, noting May originations rose 14% month-over-month and 52% year-over-year, prompting an increase in the second-quarter origination estimate to $4.1 billion and higher earnings per share forecasts for 2026 and 2027.

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Upstart Holdings Inc
UPST
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Both Jefferies and Bank of America raised price targets on Upstart, citing strong originations and improved outlook.

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