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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.

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AMOCO Federal Credit Union has partnered with Upstart to offer personal loans to its members. This collaboration aims to leverage Upstart's AI-driven lending platform to enhance loan accessibility and efficiency for AMOCO's 106,000 members.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 1:07 pm

Loar Holdings Inc. (NYSE:LOAR) reported better-than-expected second-quarter earnings and sales, leading to an 18.2% increase in its stock price. Other notable gainers include iLearningEngines, Inc. (NASDAQ:AILE), Starbucks Corporation (NASDAQ:SBUX), PACS Group, Inc. (NYSE:PACS), Pulse Biosciences, Inc. (NASDAQ:PLSE), and Clean Energy Fuels Corp. (NASDAQ:CLNE), among others.

Portfolio Pulse from Avi Kapoor

August 13, 2024 | 3:44 pm

Upstart Holdings Inc (NASDAQ:UPST) shares fell 5.2% to $34.36 after a 43% gain over the last five trading days. The stock surged last week due to better-than-expected Q2 financial results and strong Q3 revenue guidance. Upstart reported a quarterly loss of 17 cents per share, better than the expected 39 cents loss, and revenue of $128 million, surpassing estimates. The company originated 143,900 loans totaling $1.1 billion, a 6% decrease from the previous year, but improved its conversion rate from 9% to 15%. CEO Dave Girouard cited advances in AI, renewed funding supply, and operational efficiency as key factors for the positive outlook. For Q3 2024, the company anticipates revenue of about $150 million, exceeding the $124.5 million estimate.

Portfolio Pulse from Henry Khederian

August 12, 2024 | 7:28 pm

Barclays analyst Ramsey El-Assal maintains an Equal-Weight rating on Upstart Holdings (NASDAQ: UPST) and raises the price target from $25 to $35.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:39 pm

The article highlights the top seven mid-cap stock gainers from August 4 to August 10, 2023. Lumen Technologies, Upstart Holdings, ADMA Biologics, Sweetgreen, Veracyte, Clear Secure, and Core Scientific saw significant stock price increases due to strong second-quarter financial results and positive analyst actions.

Portfolio Pulse from Lekha Gupta

August 11, 2024 | 7:32 pm

Needham analyst Kyle Peterson has reiterated a Hold rating on Upstart Holdings (NASDAQ:UPST).

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 11:00 am

U.S. stocks turned lower with the Dow Jones index dipping over 200 points. CVS Health Corp (NYSE:CVS) shares fell over 1% after mixed Q2 earnings and a cut in annual profit guidance. Upstart Holdings, Inc. (NASDAQ:UPST) shares surged 48% on better-than-expected Q2 results. G1 Therapeutics, Inc. (NASDAQ:GTHX) shares rose 66% following an acquisition announcement. PetIQ, Inc. (NASDAQ:PETQ) shares increased 48% on strong Q2 earnings. Stem, Inc. (NYSE:STEM), Expion360 Inc. (NASDAQ:XPON), and Talis Biomedical Corporation (NASDAQ:TLIS) saw significant declines.

Portfolio Pulse from Avi Kapoor

August 07, 2024 | 6:38 pm

JP Morgan analyst Reginald Smith maintains an Underweight rating on Upstart Holdings (NASDAQ:UPST) but raises the price target from $24 to $27.

Portfolio Pulse from Benzinga Newsdesk

August 07, 2024 | 5:53 pm

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).

Portfolio Pulse from Lekha Gupta

August 07, 2024 | 5:47 pm

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.

Portfolio Pulse from Erica Kollmann

August 07, 2024 | 4:42 pm

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