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 (UPST) released its Q3 earnings, providing insights into its performance for the quarter ended September 2024. The focus is on how key metrics compare with Wall Street estimates and the previous year's figures.

Portfolio Pulse from

November 08, 2024 | 8:15 pm

Upstart's stock surged nearly 50% following its earnings report, indicating a strong return to growth for the company.

Portfolio Pulse from

November 08, 2024 | 6:00 pm

Upstart's stock is experiencing a significant increase as analysts highlight the company's improved trajectory. The AI lender is benefiting from a favorable interest-rate environment, strategic funding partnerships, and strong credit trends.

Portfolio Pulse from

November 08, 2024 | 2:15 pm

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

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