Upstart Holdings (UPST) Reiterated at Market Perform by Citizens; Seeks Banking License

Citizens analyst David Scharf reiterated a Market Perform rating and $20.00 price target on Upstart Holdings Inc (NASDAQ: UPST).

The analyst commented, "Upstart Holdings is following other lenders by seeking a banking license. The company announced after the close yesterday that it would be applying for a federal bank charter. The announcement follows similar moves from other non-bank lenders that are capitalizing on the uniquely favorable regulatory environment under the Trump administration to apply for or acquire banking licenses and replace their current patchwork of state-level regulatory regimes."

For an analyst ratings summary and ratings history on Upstart Holdings Inc click here. For more ratings news on Upstart Holdings Inc click here.

Shares of Upstart Holdings Inc closed at $28.16 yesterday.

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