Upstart stock price forecast suggests volatility in 2024, with analysts targeting a range between $22 and $28 based on lending volume growth and credit performance trends. Recent earnings showed 36% year-over-year revenue growth, fueling bullish sentiment. With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Upstart. This view calls for a 40% additional upside potential for investors to tag into for Upstart stock in the coming months, which could be only the beginning if an actual short squeeze is triggered. The Upstart stock price forecast incorporates macroeconomic factors like Federal Reserve interest rate policy. Lower rates would reduce borrowing costs, potentially boosting stock toward the $30 psychological level.
