BTIG analyst Vincent Caintic has maintained their neutral stance on UPST stock, giving a Hold rating on September 23.
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Vincent Caintic has given his Hold rating due to a combination of factors affecting Upstart Holdings. One of the primary concerns is the noticeable increase in delinquencies within Upstart’s asset-backed securitizations, particularly in older vintages, which have seen a significant rise in delinquency rates over the past few months. This trend is not isolated to Upstart but is observed across various asset classes, indicating a broader industry issue rather than a specific problem with Upstart’s underwriting practices.
Additionally, the valuation of Upstart’s shares appears to be fairly priced at approximately 15.4 times the projected 2027 earnings per share. While the company is not experiencing direct impacts from these delinquency trends, there is a potential for slowing loan originations, which could affect future growth. Given these considerations, Caintic believes a Hold rating is appropriate, reflecting a balanced view of the company’s current valuation and the broader market conditions.
In another report released on September 23, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $63.00 price target.
Based on the recent corporate insider activity of 138 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of UPST in relation to earlier this year.