4 Upstart Analysts Bearish After Q4 Earnings: 'Roses Are Red, Violets Are Blue, Macro Still Challenged, For Upstart, Too'
Portfolio Pulse from Surbhi Jain
Upstart Holdings Inc (NASDAQ:UPST) shares fell after issuing Q1 revenue guidance below estimates, despite beating Q4 consensus with $140.91 million in revenue and a smaller-than-expected loss. Analysts from Piper Sandler, Goldman Sachs, JPMorgan, and Wedbush expressed bearish views, citing macro challenges, delinquency trends, and reliance on third-party funding as concerns. Upstart's loan volumes increased, but loan sizes decreased, with notable progress in product development and lending models.
February 14, 2024 | 9:00 pm
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NEGATIVE IMPACT
Upstart's shares declined following Q1 revenue guidance below expectations, despite outperforming Q4 revenue and EPS estimates. Analysts remain bearish due to macroeconomic challenges and delinquency trends.
The negative short-term impact on UPST's stock price is primarily due to the lower-than-expected Q1 revenue guidance, overshadowing the Q4 earnings beat. Analysts' bearish stances, citing macroeconomic challenges and delinquency trends, further contribute to the negative outlook, indicating potential headwinds for the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100