Aug. 20 at 2:17 PM
JPMorgan upgraded fintech lender Upstart to Overweight, citing improving consumer credit trends and potential rate cuts that could boost demand for unsecured personal loans. Analysts said UPST offers the strongest upside among digital lenders despite a ~20% YTD drop, highlighting rising loan demand and margin expansion. They set a
$88 price target for Dec 2026, ~35% above current levels.
At the same time, JPM downgraded CompoSecure and Riskified to Underweight and moved Kaspi to Neutral in a broader sector reshuffle. COMP shares were seen as fully valued after a rally, with growth uneven and expectations for acquisitions and margin gains likely priced in. RSKD was cut after losing a major client and lagging e-commerce growth, with JPM doubting it can hit 2026 margin goals without stronger volume growth.
$JPM $COMP $UPST $RSKD