Upstart price target raised to $14 from $12 at Mizuho

Mizuho analyst Dan Dolev raised the firm’s price target on Upstart (UPST) to $14 from $12 and keeps an Underperform rating on the shares as part of the firm’s FinTech & Payments team providing its 2023 outlook for sub-sectors in the group against a backdrop of higher rates, high inflation, and a slowing macro. The group’s top picks include Fiserv (FISV), Toast (TOST), FIS (FIS) and Robinhood (HOOD), while they are cautious on Upstart, Coinbase (COIN) and Block (SQ).