Upstart Analysts Boost Their Forecasts Following Strong Q2 Results
Portfolio Pulse from Avi Kapoor
Upstart Holdings, Inc. (NASDAQ:UPST) reported better-than-expected Q2 results, with losses of 17 cents per share beating estimates by 56.41% and revenue of $128 million surpassing estimates by 2.78%. The company issued Q3 revenue guidance of $150 million, above the $124.5 million estimate. Analysts have raised their price targets, with Piper Sandler increasing from $28 to $31 and Citigroup upgrading from Sell to Neutral and raising the target from $15 to $33.
August 07, 2024 | 12:54 pm
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Upstart Holdings reported better-than-expected Q2 results and issued strong Q3 guidance. Analysts have raised their price targets, indicating positive sentiment.
Upstart's better-than-expected Q2 results and strong Q3 guidance have led to increased price targets from analysts, indicating positive market sentiment and potential short-term price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100