Upstart launches $5,000 no-fee Cash Line; Goldman sets $35 target
Upstart unveiled Cash Line on February 17, offering a guaranteed minimum of $200 and credit lines up to $5,000 with no extra fees for expedited access and a flexible Rest Mode. On February 13, Goldman Sachs upgraded Upstart to Neutral from Sell and set a $35 price target.
1. Cash Line Launch
On February 17, Upstart rolled out Cash Line, its new revolving credit product designed to replace unreliable short-term lending options and provide always-on access to funds.
2. Feature Details
Cash Line guarantees a $200 minimum for approved customers and extends credit lines up to $5,000, charging no extra fees for expedited access and offering a Rest Mode for flexible repayment scheduling.
3. Goldman Sachs Upgrade
On February 13, Goldman Sachs upgraded Upstart to Neutral from Sell, assigning a $35 price target and citing significant underperformance that now presents a more balanced risk-reward profile.