$Upstart (UPST.US)$ Citi analyst Christiansen upgraded Upsta...

$Upstart (UPST.US)$ Citi analyst Christiansen upgraded Upstart's rating from Neutral to Buy, and raised his target price from US$120 to US$205. After Upstart raised its outlook by approximately 36% from its previous outlook and disclosed that bank partners holding loans had cancelled the minimum FICO requirements for Upstart-driven loans, Christiansen said that he believes that “even from here, the stock is reasonable Room for upside."

Risk warning: In August, the hedge fund Third Point reduced its holdings of Upstart by nearly 200 million shares. In addition, in mid-August, Upstart announced a private placement of US$575 million, which means that the number of outstanding shares may increase and lead to equity dilution.