Why Upstart Stock Just Popped

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Shares of Upstart Holdings (NASDAQ: UPST) are up 11.2% in 1:20 p.m. EDT trading Monday after Barclays Capital nearly doubled its price target on the artificial intelligence-powered lending platform and recent fintech IPO.

In a note out this morning, Barclays lifted its price target on Upstart from $58 a share to $110, despite leaving its rating on the stock unchanged at “equal weight.”

Image source: Getty Images.

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