What's Going On With Upstart Holdings Stock Today?

Upstart Holdings, Inc. UPST shares are trading higher Tuesday as the tech market rallies after the release of cooling inflation data before the market open.

What To Know:

Upstart Holdings shares are climbing Tuesday, however the stock remains down by more than 15% over the last five days after the company reported worse-than-expected third-quarter financial results.

Several analysts updated coverage and price targets for Upstart Holdings following its earnings report last week:

• Piper Sandler analyst Arvind Ramnani maintained Upstart Holdings with a Neutral and lowered the price target from $35 to $27.
• Wedbush analyst David Chiaverini reiterated Upstart Holdings with an Underperform and maintained a $10 price target.
• JP Morgan analyst Reginald Smith maintained Upstart Holdings with an Underweight and lowered the price target from $28 to $26.

Upstart Holdings' stock has attracted the interest of short-sellers with a remarkable 40.88% of available UPST shares being sold short, according to data from Benzinga Pro. UPST shares are trading below the stock's 50-day moving average of $27.21 and well below its 52-week high of $72.58.

Related News: What's Going On With Plug Power Stock Today?

UPST Price Action: According to Benzinga Pro, Upstart Holdings shares are up by more than 13% at $24.84 at the time of publication.

Image: Gino Crescoli from Pixabay