$150 price target and outperformance rating
- Upstart Holdings Inc (NASDAQ:UPST) shares received a $150 price target from FBN Securities. These are the details.
Upstart Holdings Inc (NASDAQ:UPST) shares received a $150 price target from FBN Securities. And FBN Securities analyst Shebly Seyrafi kicked off Upstart coverage with an “Outperform” rating.
Seyrafi noted that the company is a provider of a proprietary AI-powered platform that helps banking partners create credit with higher approval rates and lower loss rates are still primarily driven by personal loan market, but entered the auto loan market in 2020 and Seyrafi expects autos to reach 3% of royalty revenue in FY22 and 6% in FY2020. financial year 2023.
And Seyrafi pointed out that Upstart has other opportunities for expansion, such as the smaller dollar loan market, installment loans to business owners and the home loan market. Additionally, Seyrafi views these last two opportunities as the most significant and anticipates very strong growth in the second year of entering each of these markets.
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