Goldman Sachs cuts target for Upstart stock to USD 28.00

Published on 10/15/2026 at 13:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs cut its target for Upstart stock from USD 39.00 to USD 28.00 on October 13, 2026. Results follow on November 3, 2026.

Analyst pressure meets operating scale

Goldman Sachs lowered its Upstart target from USD 39.00 to USD 28.00 on October 13, 2026.
Second-quarter 2026 revenue reached USD 364.71 million, while diluted earnings per share were USD 0.16.
Upstart stock traded at EUR 19.94 at 1:31 p.m. CEST at Lang & Schwarz on October 15, 2026.

UPST, US91680M1071, Illustration mit AI erstellt.

Upstart Holdings (ISIN US91680M1071) faces a lower Goldman Sachs valuation after the bank cut its price target from USD 39.00 to USD 28.00 on October 13, 2026, while keeping a Neutral rating, as Markets Insider reported. Upstart stock was trading at EUR 19.94 at Lang & Schwarz on October 15, 2026 at 1:31 p.m. CEST.

What does the target cut mean?

The revised USD 28.00 target remains above the latest US market quote of USD 22.74 from October 14, 2026, but the reduction leaves less room for a recovery case. MarketBeat said Upstart reached a new 52-week low of USD 22.21 on October 14, 2026, after the Goldman Sachs action.

The operating picture is more mixed than the target change alone suggests. In the second quarter of 2026, Upstart generated USD 364.71 million in revenue and USD 16.54 million in net income, while diluted earnings per share were USD 0.16, according to the reported figures carried by MarketBeat. Revenue was USD 9.97 million above the cited consensus of USD 354.74 million, but earnings per share missed the USD 0.18 estimate by USD 0.02.

Three milestones point to scale

On September 28, 2026, Upstart's securitization activity included USD 400.00 million of consumer-loan notes, as StockTitan reported. On October 5, 2026, September loan originations reached USD 1.38 billion, according to The Fly.

On October 7, 2026, Credit Union of Denver announced a partnership with Upstart for personal lending. The credit union began lending through the platform in April 2026, and qualified applicants can receive tailored offers before completing the process in a branded digital environment, according to Yahoo Finance.

The next dated catalyst

Upstart has scheduled its third-quarter 2026 results for November 3, 2026, with the webcast set for 8:00 a.m. ET. The company said the earnings materials will be published before the call in its October 6, 2026 release on the investor-relations site, which also identifies more than 100 bank and credit-union partners and a platform with more than 90 percent automated lending, according to Upstart.

Stock price stays tied to execution

The November report will test whether originations and revenue growth can offset the weaker earnings-per-share comparison that helped drive the latest analyst reset. Upstart stock was trading at EUR 19.94 at Lang & Schwarz on October 15, 2026 at 1:31 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Upstart stock.