Upstart may be gearing up for a big beat, but does its stock already reflect that?

Upstart Holdings Inc.’s shares were surging in Tuesday trading after an analyst said he thought the company was getting ready to report a “strong top-line beat” for its most recent quarter.

Upstart’s... Upstart Holdings Inc.’s shares were surging in Tuesday trading after an analyst said he thought the company was getting ready to report a “strong top-line beat” for its most recent quarter. Jessurun said that investors “seem to be changing opinions” on Upstart’s stock lately. The stock had a huge comedown in 2022, shedding some 90% of its value, but even back in mid-June when Jessurun initiated coverage of the name, he sensed “mixed” sentiment from the investment community.He’s sticking with his buy rating even after the recent rally, lifting his price target to $72 from $42 Tuesday.

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