Philadelphia, Pennsylvania--(Newsfile Corp. - April 14, 2026) - National plaintiffs' law firm Berger Montague PC announces a class action lawsuit against Upstart Holdings, Inc. (NASDAQ: UPST) ("Upstart" or the "Company") on behalf of investors who purchased or acquired Upstart shares during the period from May 14, 2025 through November 4, 2025 (the "Class Period").

Investor Deadline: Investors who purchased or acquired Upstart securities during the Class Period may, no later than June 8, 2026, seek to be appointed as a lead plaintiff representative of the class. To learn your rights, CLICK HERE.

Upstart, headquartered in San Mateo, Calif., is an AI-driven lending platform that automates loan approvals and credit risk assessment.

The Complaint alleges that defendants misled investors about the accuracy and reliability of the Company's AI model, Model 22. Specifically, the suit accuses defendants of failing to disclose that Model 22 frequently overreacted to negative macroeconomic signals, overstated loan approval accuracy, and negatively impacted revenue, all of which made prior FY 2025 guidance unreliable.

On November 4, 2025, Upstart reported Q3 2025 revenue of $277 million, below guidance and consensus expectations, and revised FY 2025 revenue downward to approximately $1.035 billion. Following these disclosures, Upstart's stock price declined $4.49 per share, or 9.71%, to close at $41.75 per share on November 5, 2025.

If you are an Upstart investor and would like to learn more about this action, CLICK HERE or please contact Berger Montague: Andrew Abramowitz at aabramowitz@bergermontague.com or (215) 875-3015, or Caitlin Adorni at cadorni@bergermontague.com or (267)764-4865.

About Berger Montague
Berger Montague is one of the nation's preeminent law firms focusing on complex civil litigation, class actions, and mass torts in federal and state courts throughout the United States. With more than $2.4 billion in 2025 post-trial judgments alone, the Firm is a leader in the fields of complex litigation, antitrust, consumer protection, defective products, environmental law, employment law, securities, and whistleblower cases, among many other practice areas. For over 55 years, Berger Montague has played leading roles in precedent-setting cases and has recovered over $50 billion for its clients and the classes they have represented. Berger Montague is headquartered in Philadelphia and has offices in Chicago; Malvern, PA; Minneapolis; San Diego; San Francisco; Toronto, Canada; Washington, D.C., and Wilmington, DE.

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Source: Berger Montague