Upstart Holdings, based in San Mateo, California, operates a cloud-based AI lending platform that offers various loan products and connects consumers with lending partners. The company went public on December 16, 2020, and employs 1,388 staff.
UPST has been in the news recently: JPMorgan upgraded Upstart Holdings to overweight and set a price target of $88, indicating a potential 43% increase due to favorable macroeconomic conditions. The upgrade reflects the bank's view of strong risk/reward potential among personal loan originators.
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