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Piper Sandler Cuts Upstart Price Target to $46: Was the Q1 EBITDA Miss the First Crack?Upstart Holdings (NASDAQ:UPST) is back in the spotlight after Piper Sandler lowered its price target to $46 from $56 while keeping an Overweight rating. The price target cut follows a Q1 2026 adjusted EBITDA miss that sent Upstart stock down 9% on May 6. The framing matters. Piper trimmed its target but didn’t pull its ... Piper Sandler Cuts Upstart Price Target to $46: Was the Q1 EBITDA Miss the First Crack?