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

67.68

Mkt cap

6.2B

Volume

6.5M

High

69.65

P/E Ratio

-35.79

52-wk high

86.07

Low

64.60

Div yield

N/A

52-wk low

20.60

Upstart Holdings, Inc. (UPST) held its Q3 2024 earnings conference call on November 7, 2024. Key participants included company executives and analysts from various financial institutions.

Portfolio Pulse from

November 08, 2024 | 6:00 am

Upstart Holdings, Inc. (UPST) reported a Q3 loss of $0.06 per share, which was better than the Zacks Consensus Estimate of a $0.14 loss. This is a slight increase in loss compared to $0.05 per share a year ago.

Portfolio Pulse from

November 08, 2024 | 12:45 am

Upstart Holdings, Inc. (UPST) has seen a significant increase in loan volumes, which rose by 43% sequentially. This return to 'growth mode' has positively impacted the company's stock price.

Portfolio Pulse from

November 07, 2024 | 9:30 pm

Upstart Holdings Inc (NASDAQ:UPST) stock increased by 5.5% to $53.34 following Donald Trump's Presidential election victory, indicating a positive market reaction.

Portfolio Pulse from

November 06, 2024 | 8:00 pm

Upstart Holdings has been selected by WECU to enhance its personal lending services. This partnership aims to leverage Upstart's AI-driven platform to improve loan accessibility and efficiency for WECU's members.

Portfolio Pulse from Benzinga Newsdesk

October 23, 2024 | 1:01 pm

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

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