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Randy Elias

EXPLAINED: Why upstart shares are trading lower today - The Real Truth

Upstart Wedbush Nasdaq David Chiaverini Upstart Holdings Inc

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading lower after Wedbush downgraded the stock from Neutral to Underperform and lowered its price target from $110 to $75.

Wedbush analyst David Chiaverini noted 'we fear that weakening delinquency trends combined with macro- and geopolitical risks could lead to waning appetite from Upstart's credit buyers and the securitization market.'

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