Upstart (UPST, $203.29) shares get rating...

Sarah Patel

published in Blogs

Aug 14, 2021

Upstart (UPST, $203.29) shares get rating upgrade at Barclays

Upstart Holdings shares got a rating boost at Barclays.

Barclays' analyst Ramsey El-Assal upgraded shares of the AI lending platform to overweight from equal weight. The analyst also hiked his price target on the stock to $230 from $130.

According to El-Assal, "continued impressive performance," leads to Barclays’ expectations of improvements in conversion rate, top-of-funnel acquisition, and margins are more sustainable than they previously thought. The analyst sees additional upside potential from the auto vertical, and normalization of the credit environment.

El-Assal mentioned that macro factors have resulted in a lower cost of funds, which has helped Upstart offer loans on lower rates for potential borrowers.

The analyst noted that the majority of Upstart’s conversion rate improvement has been fuelled by improvements to the company’s underwriting technology which have enabled the company offer more attractive rates to a wider group of borrowers.

Related Tickers: UPST

Sergey Savastiouk

published in Blogs

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If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

John Jacques

published in Blogs

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Sergey Savastiouk

published in Blogs

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Edward Flores

published in Blogs

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Alla Petriaieva

published in Blogs

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Sergey Savastiouk

published in Blogs

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Abhoy Sarkar

published in Blogs

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Central banks have been buying $2.4 billion in assets every hour for the past two months

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Rick Pendergraft

published in Blogs

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Mid-January Short Interest Report Shows 8 Stocks with Good Fundamentals and High Short Interest

Sergey Savastiouk

published in Blogs

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Abhoy Sarkar

published in Blogs

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US unemployment rate jumps to 14.7%, the highest in series history

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