1) Piper Sandler raised Upstart's target price to $31.00 and reported better-than-expected Q2 EPS.

Analyst firm Piper Sandler raised Upstart's (NASDAQ: UPST) target price from $28.00 to $31.00, while maintaining a neutral rating. The company reported a Q2 earnings per share of ($0.17), topping the consensus estimate of ($0.39) by $0.22. Despite negative net margin of 38.05% and negative return on equity of 31.57%, Upstart reported a revenue of $127.63 million for the quarter, compared to analyst estimates of $124.55 million. Institutional investors own 63.01% of the company's stock.

August 10, 2024
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