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

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

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

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