Upstart plunges after Q3 revenue miss, FY forecast cut

Upstart Holdings

05/11/2025 10:57

** Shares of consumer lender Upstart UPST.O down 13.93% at $39.80 premarket after Q3 revenue miss, weak full-year forecast

** Co posts Q3 revenue of $277 mln, below est. $279.6 mln, according to data compiled by LSEG

** Also forecasts 2025 revenue to $1.035 bln vs the $1.05 bln it expected earlier

** Jefferies cuts PT to $40 from $50; says revenue miss and weak outlook hurt sentiment despite strong credit performance driven by its AI platform

** J.P. Morgan lowers PT to $65 from $88; says loan model tightened too much on macro signals

** Co posts adjusted EPS of 52 cents in Q3, beating estimates of 42 cents

** Stock down 24.64% YTD as of last close

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))