Following strong Q2 performance, Upstart sees analysts raise their projections.

UPST · Upstart Holdings Inc.

The AI's read

Upstart reported an upbeat Q2: EPS of $0.16, revenue $364.71M beating the Street, and FY2026 sales guidance affirmed at $1.4B. Analysts bumped price targets and the stock ripped, so the market already reacted hard. The move is not fully stretched yet. The stock is up ~18% intraday and RSI is mid-50s, so momentum supports more upside but valuation is rich (P/E ~72). Bottom line: we lean bullish but cautious. There’s real upside to revised targets, yet elevated multiples and a sizable immediate rally mean risk of a pullback if execution slips.