5 Best Financial Stocks with Highest Upside Potential

4. Upstart Holdings Inc. (NASDAQ:UPST)

Upstart Holdings Inc. (NASDAQ:UPST) is one of the 10 best financial stocks with highest upside potential.

On March 9, Bank of America Securities reduced the firm’s price target on Upstart Holdings Inc. (NASDAQ:UPST) from $60 to $49. The firm reiterated its Neutral rating on the stock, which offers an upside potential of more than 90% even after the downward revision.

This adjustment in price target is part of a broader recalibration across the consumer finance sector, as the firm adjusts its models to account for a more uncertain macroeconomic backdrop and a general compression in market valuation multiples.

Earlier on February 19, Upstart Holdings Inc. (NASDAQ:UPST) announced it had purchased $100 million of the company’s common stock over the previous four trading days. The company acquired 3,193,294 shares at an average price of $31.31 per share between February 12 and February 18.

The company stated the shares were repurchased through open market transactions under a $400 million share repurchase program, which was previously authorized by the Upstart Board of Directors, with $122 million remaining under the program following these transactions.

Upstart Holdings Inc. (NASDAQ:UPST) is a cloud-based artificial intelligence lending platform that is engaged in approving consumers for credit. The company has a strong emphasis on risk reduction, and partners with banks, credit unions, and other lenders. It offers several products such as unsecured personal loans, auto refinancing, auto secured loans, and home equity lines of credit.