Upstart Reported Strong Q2, But Analysts Are Concerned About Short Interest And Profitability - Here's Why
Portfolio Pulse from Lekha Gupta
Upstart Holdings, Inc. (NASDAQ: UPST) reported better-than-expected Q2 results, with an EPS loss of $0.17 beating the consensus estimate of a $0.39 loss and revenue of $128 million surpassing the $124.54 million estimate. The company also issued Q3 revenue guidance of $150 million, above the $135.36 million estimate. Analysts have mixed ratings, with some raising price targets and others maintaining cautious stances due to concerns about profitability and short interest. UPST shares surged 50.73% to $35.98. Investors can also gain exposure through ETFs like Tidal Trust II YieldMax Ultra Option Income Strategy ETF (NYSE:ULTY) and First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT).
August 07, 2024 | 5:47 pm
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POSITIVE IMPACT
Investors can gain exposure to Upstart Holdings through the First Trust Nasdaq Artificial Intelligence and Robotics ETF (NASDAQ:ROBT).
The ETF provides a way for investors to gain exposure to UPST, which has shown strong performance recently.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Investors can gain exposure to Upstart Holdings through the Tidal Trust II YieldMax Ultra Option Income Strategy ETF (NYSE:ULTY).
The ETF provides a way for investors to gain exposure to UPST, which has shown strong performance recently.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Upstart Holdings reported better-than-expected Q2 results and raised Q3 revenue guidance, leading to a 50.73% surge in share price. Analysts have mixed ratings due to concerns about profitability and high short interest.
The strong Q2 results and raised Q3 guidance are positive indicators, leading to a significant share price increase. However, mixed analyst ratings and concerns about profitability and high short interest temper the overall outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100