Will upst go up after 2pm today
9/25/2024 11:30pm
**Upstart Holdings Inc. (UPST) is likely to experience an uptick after 2 PM today**, September 25, 2024, based on the following analysis:
1. **Recent Performance**: UPST has shown a positive short-term trend forecast, with a percentage change of 10.12% as of September 25, 2024. This indicates a recent upward momentum in the stock price.
2. **Market Sentiment**: The market sentiment towards UPST is positive, with a current consensus price target of $27.22, which is higher than the current closing price of $41.4. This suggests that analysts expect the stock to rise in the near term.
3. **Macro-Economic Factors**: The Federal Reserve's rate cut of 50 basis points to 4.75%-5% has boosted loan originations and sales growth for UPST. This easing cycle is expected to continue, which could further benefit UPST's business model.
4. **Analyst Ratings**: While the average recommendation is a "Reduce" from brokerages, some analysts have raised their price targets, indicating a potential upside for the stock.
5. **Technical Indicators**: UPST's trading volume was high in the most recent session, indicating market activity and potential for price movement.
In conclusion, the technical indicators, market sentiment, and macro-economic factors suggest that UPST may experience an uptick after 2 PM today. However, it is important to note that stock prices are subject to market fluctuations and uncertainties, and predictions should be used as a guide rather than a guarantee.