It has been more than two years since OpenAI released ChatGPT to the world. Given how much artificial intelligence (AI) continues to make headlines and grab attention, it's probably safe to say that this technology isn't going anywhere.
Upstart (UPST -9.39%) capped off a transformational 2024 with a blowout fourth-quarter earnings report. The financial technology (fintech) innovator exceeded Wall Street expectations by posting 56% year-over-year revenue growth for the period that ended Dec. 31, with the pace accelerating from the prior quarter.
Upstart (UPST -9.39%) has recently been one of the stock market's best performers. Since the middle of 2024, its stock price is up by 244%, thanks to several consecutive earnings reports that were stronger than analysts expected.
Upstart (UPST -9.39%) shares deserve the 232% gain they've logged over the last eight months. The company's top line of $637 million in 2024 improved to the tune of 24%, accelerating to a growth pace of 56% during the fourth quarter.
Lending technology company Upstart (UPST -4.69%) has been one of the best performers in the stock market recently, with shares up by 236% over the past year as I write this. And while the company has produced a series of impressive earnings reports over the past three quarters, a valuation of about 12 times sales might seem expensive to many investors.
Upstart Holdings (UPST -4.35%) and Pagaya Technologies (PGY -2.65%) offer similar consumer credit evaluation products, using artificial intelligence (AI) to assess credit risk faster and with more accuracy than the traditional credit scoring model. They both released excellent earnings reports last week, and their stocks jumped accordingly.
Lending technology platform Upstart (UPST -4.35%) has been one of the stock market's best performers, with shares nearly quadrupling in just one year. However, if the company keeps doing what it has been doing, there could be more upside ahead.
Upstart: Strong Buy Rating Ahead Of Projected $1 Billion Revenue In 2025
"AI lending marketplace" Upstart Holdings is seeing explosive growth. Even better, it's on the brink of a return to profits.
Upstart reported strong Q4 results with $0.29 EPS and $219M in revenue, driven by fee revenue growth and an improved lending environment. Platform metrics like conversion rates continued to improve and the Fintech expects at least break-even on a GAAP income level. Upstart's Q1'25 and FY 2025 outlooks are optimistic, but risks include a potential loss in revenue momentum if federal fund rates rise.
Shares of Upstart (UPST -2.07%) soared last week after the company smashed estimates in its fourth-quarter earnings report, and executed across the board.
Investors who have remained confident about Upstart Holdings (UPST -2.07%) stock throughout its challenges are finally starting to see the light at the end of the tunnel. The credit evaluation company reported excellent progress in the 2024 fourth quarter and an even better outlook.