Upstart Holdings Inc. ($UPST) experienced a significant downgrade from JPMorgan, leading to a sharp decline in its stock price by nearly 12%. This downgrade highlighted a drastic reduction in the company's annualized origination volume, which was noted to be at $13 billion when the stock last traded in the high $70 range, compared to its current run rate. However, in a contrasting move, Redburn-Atlantic upgraded Upstart to Buy from Neutral, raising the price target to $95 from $37, and expressed optimism about the company's future, expecting the share price to exceed $250 over the next five years. This upgrade came after Upstart delivered two quarters ahead of expectations with positive forward guidance.