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

47.90

Mkt cap

4.5B

Volume

4.5M

High

49.24

P/E Ratio

-33.71

52-wk high

96.43

Low

47.23

Div yield

N/A

52-wk low

20.60

Upstart has secured a programmatic purchase commitment from Blue Owl Capital, which will buy up to $2 billion in consumer loans from Upstart's platform over 18 months. This includes an initial $290 million personal loan portfolio acquisition.

Portfolio Pulse from Benzinga Newsdesk

October 10, 2024 | 6:37 pm

Upstart Holdings (NYSE:UPST) has seen a 5.28% decrease in its short percent of float, now at 30.33%. This is significantly higher than its peers' average of 5.50%. The decrease in short interest may indicate a shift in market sentiment.

Portfolio Pulse from Benzinga Insights

October 07, 2024 | 4:15 pm

MIT Federal Credit Union has partnered with Upstart to offer personal loans to its members, leveraging Upstart's AI lending platform.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 1:08 pm

Several US-listed stocks saw significant gains on Wednesday, with Hewlett Packard Enterprise (HPE) rising 5.5% after a Barclays upgrade. Progress Software (PRGS) and Nvidia (NVDA) also saw notable increases due to positive analyst actions and strategic moves.

Portfolio Pulse from Avi Kapoor

September 25, 2024 | 2:13 pm

Analysts have recently evaluated Upstart Holdings (NASDAQ:UPST), with a range of opinions from bullish to bearish. The average 12-month price target has increased by 36.82% to $30.62. Analysts have adjusted their ratings and price targets, reflecting their evolving expectations for the company. Despite these updates, Upstart faces financial challenges, including a decline in revenue growth and below-average profitability metrics.

Portfolio Pulse from Benzinga Insights

September 20, 2024 | 6:01 pm

Mizuho analyst Dan Dolev has maintained an 'Outperform' rating on Upstart Holdings (NASDAQ:UPST) and raised the price target from $33 to $48.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2024 | 5:26 pm

Financial services and banking stocks are rising due to market strength following the Fed's rate cut, which may boost spending and lending demand.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:51 pm

Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher following a 50 basis point interest rate cut by the Federal Reserve. This cut could benefit Upstart's loan segments by attracting more borrowers. Additionally, Upstart announced an upsized private offering of $375 million in convertible senior notes. Despite the current rally, analysts have mixed ratings on UPST, with an average price target suggesting potential downside.

Portfolio Pulse from Erica Kollmann

September 19, 2024 | 3:53 pm

Investors are taking a bearish stance on Upstart Holdings (NASDAQ:UPST) as indicated by recent options trades. Benzinga's options scanner detected 8 significant trades, with 62% being bearish. The price range focus is between $30.0 and $45.0. UPST's stock is currently up 2.1% at $39.11, but RSI indicators suggest it may be overbought.

Portfolio Pulse from Benzinga Insights

September 19, 2024 | 2:04 pm

Upstart shares are trading higher following the announcement of a $375 million senior note offering due in 2029.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 6:44 pm

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