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).
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Published first on TheFly
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Read More on UPST:
- Why Upstart Stock’s Painful Crash May be Over
- Upstart Holdings call volume above normal and directionally bullish
- Affirm & Upstart: Big Fintech Bites the Dust
- Upstart price target lowered to $11.50 from $15 at Morgan Stanley
- Upstart price target lowered to $12 from $17 at Mizuho
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