Citizens Financial Group Downgrades Upstart Citing Premium Valuation Risks
Citizens Financial Group downgraded Upstart to sector weight, highlighting that Upstart’s shares now trade at a premium multiple to traditional credit scoring peers. Analysts warned that this stretched valuation could limit upside if loan originations slow.
1. Analyst Downgrade on Valuation
Citizens Financial Group’s research team lowered Upstart’s rating to sector weight, noting that the AI-driven lending platform currently trades at a premium multiple to traditional credit scoring peers. The downgrade reflects concern that a stretched valuation leaves limited upside if loan originations decelerate.
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