What's Going On With Upstart Stock?
Portfolio Pulse from Erica Kollmann
Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher, rebounding after a post-earnings drop. The company reported a Q1 loss of 31 cents per share, beating estimates, with sales of $128 million, up 24.36% year-over-year. However, its Q2 revenue forecast of $125 million is below expectations. Analysts from Mizuho and Wedbush have updated their price targets and ratings, reflecting concerns over the company's performance and outlook.
May 09, 2024 | 6:26 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Upstart Holdings reported better-than-expected Q1 earnings but provided a weaker Q2 revenue forecast. Analysts have adjusted their ratings and price targets, indicating mixed sentiment.
The positive earnings beat for Q1 may provide some short-term positive momentum for UPST shares. However, the lower-than-expected revenue forecast for Q2 and the adjustments in analyst ratings and price targets could create uncertainty, leading to a neutral short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100