Upstart’s (UPST) New CFO Is Shaping the Next Chapter; Here’s What Wall Street Learned

With market capitalization of $3.10 billion, Upstart Holdings, Inc. (NASDAQ:UPST) is among the 10 Stocks That Could Double Over the Next 2 Years.

On June 9, Jefferies raised its price target on Upstart Holdings, Inc. (NASDAQ:UPST) to $30 from $27 while maintaining a Hold rating on the shares. The firm noted that discussions with Upstart’s newly appointed CFO provided additional insight into the company’s strategic priorities, including a renewed focus on its core non-prime lending segment, developments in new product verticals, and updates on its bank charter progress. Jefferies also highlighted that management remains focused on optimizing operating expenses while refining its AI-driven lending platform. The analyst adjusted estimates and valuation assumptions based on updated monthly origination data and management commentary.

On June 8, Bank of America raised its price target on Upstart Holdings, Inc. (NASDAQ:UPST) to $37 from $36 while maintaining a Neutral rating. The firm reported strong momentum in May originations, which increased 14% month-over-month and 52% year-over-year, signaling improving demand and supporting higher near-term revenue expectations. Based on this performance, Bank of America raised its second-quarter origination estimate to $4.1 billion and also increased its earnings per share forecasts for 2026 and 2027, reflecting stronger operational leverage and improving credit performance trends.

Upstart Holdings, Inc. (NASDAQ:UPST) is a cloud-based artificial intelligence lending platform headquartered in San Mateo, California, and founded in 2012. The company partners with banks and credit unions to use machine learning and non-traditional data points to assess credit risk, expand lending access, and improve loan approval efficiency across consumer credit markets.

While we acknowledge the risk and potential of UPST as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than UPST and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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