Upstart Holdings Inc (UPST) PT Raised to $13 at Morgan Stanley
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Upstart (UPST) jumps 35% on earnings, outlook; Analysts remain cautious
May 10, 2023 8:01 AM EDTUpstart (NASDAQ: UPST) stock surged as much as 37% in pre-market Wednesday after the cloud-based lending platform posted better-than-expected Q1 results.
Upstart reported a loss per share of $0.47, much better than the expected $0.82. Despite the fact that revenue fell 67% year-over-year to $103 million, it still came in above the $99.72M estimate.
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