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Benzinga

Business

Priya Nigam

FORGOTTEN HISTORY: Why this analyst remains bullish on upstart holdings while others cut their ratings - Caught on Camera

Upstart Holdings UPST Upstart AI Nasdaq Upstart Holdings Inc Andrew Boone Arvind Ramnani James Faucette

Upstart Holdings Inc (NASDAQ:UPST) reported better-than-expected first-quarter results on Monday after the bell. However, shares of the AI consumer lending company tumbled more than 40% as management slashed the 2022 revenue forecast to $1.25 billion.

Piper Sandler On Upstart Holdings: Analyst Arvind Ramnani downgraded the rating for Upstart Holdings from Overweight to Neutral, while lowering the price target from $230 to $44.

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