🔴 Upstart is trading 5% down today as hotter-than-expected inflation revives rate concerns

Upstart is trading at $22.54, down 5.41%, as hotter-than-expected September inflation renewed concern that interest rates may stay elevated.

• Broader markets are lower: the S&P 500 is down 0.58% and the Nasdaq is down 0.74%.
• On October 13, Goldman Sachs cut its price target to $28 from $39 and maintained Neutral; no report directly links the cut to today’s move.