Upstart Stock Drops Despite Q1 Beat: Analysts Highlight AI Progress, Warn Of Inflation Risks
1. UPST reports Q1 earnings of 30 cents, beating estimates of 17 cents. 2. Revenue increased to $213.37 million, exceeding $199.49 million estimate. 3. JPMorgan downgraded price target from $79 to $64, maintaining Neutral rating. 4. Piper Sandler maintains Overweight rating with a $69 price target. 5. Concerns over macro risks and inflation could affect credit performance.