Upstart Holdings Inc UPST shares are trading lower Tuesday. The stock traded above $95 per share in pre-market trading but pulled back significantly at the open.
FBN Securities analyst Shebly Seyrafi initiated coverage on Upstart with an Outperform rating and announced a $150 price target.
Related Link: Benzinga's Top Ratings Upgrades, Downgrades For April 12, 2022
Upstart operates a proprietary, cloud-based artificial intelligence lending platform. The company is set to announce first-quarter financial results after the market closes on May 9.
UPST Price Action: Upstart has traded between $75.15 and $401.48 over a 52-week period.
According to data from Benzinga Pro, the stock was down 2.39% at $87.59 at time of publication.
Photo: courtesy of Upstart.
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