2 models fit Upstart Holdings Inc. Common stock and they agree: 2 of 2 land within 15% of the average.
Two or more of our models back this value.
Near fair value(i)
Valued as a growth company: Discounted cash flow and P/E comparison.
ACCE opinionUpstart Holdings Inc. Common stock (UPST)
Fair value (2 models)
$23.78
ACCE price target
$28.00
Rating
Fairly valued
Horizon
12 months
Fair value published on 19 Oct 2026, 18:04 CEST; previously $23.54 since 11 Oct 2026, 00:00 CEST.
ACCE price target published on 28 Sept 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 18:04 CEST.
Price used: $23.78 at the close on 23 Oct 2026, 22:00 CEST.
Models: Discounted cash flow and P/E comparison.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
0.0% below
+0.0% to fair value
ACCE score
52
out of 100
Analysts
50% buy
16 covering
P/E
47.7x
forward 13.6x
1-year return
-54.4%
Dividend yield
0.00%
Upstart Holdings Inc. Common stock in four questions
Plain answers, details below
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Overview
ACCE thesis
Upstart runs an AI lending platform that scores borrowers with machine learning and sells loans to bank and credit union partners, mostly personal loans. Its models aim to approve more borrowers at a given loss rate, which gives partners a reason to use it. Growth depends on credit conditions and funding availability. Revenue grew 42.3% with an 83.0% gross margin, but the operating margin is only 7.2% and results are cyclical, at 13.6x forward earnings.