Streetbeat News

UPST

Upstart Holdings, Inc.

https://www.upstart.com

Industry

Financial - Credit Services

Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.

Open

65.27

Mkt cap

7.3B

Volume

40M

High

82.25

P/E Ratio

-34.91

52-wk high

82.25

Low

64.59

Div yield

N/A

52-wk low

19.84

Unusual options activity has been detected for Upstart Holdings (NASDAQ:UPST), with a significant number of both bullish and bearish trades. The stock is currently up 18.22% at $55.59, but RSI indicators suggest it may be overbought. Analysts have set a consensus target price of $46.5.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 7:31 pm

Upstart Holdings, Inc. (NASDAQ:UPST) shares surged 17% following an upgrade by Wedbush analyst David Chiaverini, who raised the rating from Underperform to Neutral and increased the price target from $10 to $45. The upgrade is based on Upstart's improved funding base and better-than-expected delinquency performance in recent Asset Backed Securities deals. Despite the positive outlook, the ability to scale originations while maintaining credit performance remains a concern.

Portfolio Pulse from Vaishali Prayag

October 14, 2024 | 6:56 pm

The S&P 500 and Dow Jones Industrial Average hit record highs as investors anticipate key earnings reports. Bitcoin's rally boosts crypto stocks, while commodities decline. Notable stock movements include Vistra Corp., Wells Fargo, SoFi Technologies, and Upstart Holdings.

Portfolio Pulse from Piero Cingari

October 14, 2024 | 6:08 pm

U.S. stocks rose on Monday, with notable gains for NVIDIA, Trump Media & Technology, Bausch + Lomb, and Sirius XM. NVIDIA's shares increased by 2.9% following a recommendation from a Chinese think tank to continue using its chips. Trump Media surged 16.2% after launching a new streaming service. Bausch + Lomb rose 8.8% after FDA approval of a product and potential acquisition interest. Sirius XM gained 8.1% as Berkshire Hathaway increased its stake.

Portfolio Pulse from Avi Kapoor

October 14, 2024 | 5:47 pm

The article highlights significant options activity for 10 financial stocks, indicating potential trading opportunities. Notable movements include bearish sentiment for SOFI, UPST, FITB, and BX, while AFRM, C, HOOD, SQ, and WFC show bullish sentiment. COIN remains neutral.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 5:35 pm

Upstart Holdings shares surged after Wedbush upgraded the stock from Underperform to Neutral and increased its price target from $10 to $45.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 3:11 pm

Analysts have mixed ratings for Upstart Holdings (NASDAQ:UPST), with recent upgrades in price targets. The average 12-month price target increased by 53.43% to $32.22. Despite this, Upstart faces financial challenges, including declining revenue and negative margins.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 2:00 pm

Wedbush analyst David Chiaverini has upgraded Upstart Holdings (NASDAQ:UPST) from Underperform to Neutral and increased the price target from $10 to $45.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 1:17 pm

Banking and financial services stocks are experiencing a rise in share prices due to better-than-expected financial results from JPMorgan Chase and Wells Fargo.

Portfolio Pulse from Benzinga Newsdesk

October 11, 2024 | 3:36 pm

Goldman Sachs has identified 18 stocks with potential upside and 7 stocks with potential downside for the upcoming earnings season. The firm emphasizes selective investing in a volatile market, with a focus on options-based strategies.

Portfolio Pulse from Piero Cingari

October 10, 2024 | 8:31 pm

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