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Why Upstart Stock Just Popped

TheMotleyFool

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Why Upstart Stock Just PoppedPhoto, wide shot, wide-angle lens, Semiconductor company, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/92ce44e9-64c7-4458-9a95-b706ed510490.png

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.

Source Fool.com

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