What's Going On With Upstart Stock After Earnings?
Portfolio Pulse from Erica Kollmann
Upstart Holdings, Inc. (NASDAQ:UPST) shares surged after reporting strong Q2 results, beating analysts' expectations and issuing robust Q3 guidance. Multiple analysts updated their ratings and price targets for UPST. The stock is up 51.4% at $36.14.
August 07, 2024 | 4:42 pm
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Upstart Holdings reported strong Q2 results, beating expectations and issuing strong Q3 guidance. Analysts updated their ratings and price targets, contributing to a 51.4% surge in the stock price.
The strong Q2 results and robust Q3 guidance indicate significant improvements in Upstart's business, leading to positive analyst updates and a substantial increase in the stock price. This is likely to attract more investor interest in the short term.
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IMPORTANCE 90
RELEVANCE 100