Upstart Holdings, Inc. (UPST)
Upstart Holdings, Inc. (UPST) is Attracting Investor Attention: Here is What You Should Know
Recently, Zacks.com users have been paying close attention to Upstart (UPST). This makes it worthwhile to examine what the stock has in store.
Why Is Upstart Stock Soaring, and Is It Too Late to Buy?
Upstart uses artificial intelligence to make lending decisions.
Upstart upgraded to Neutral from Sell at BTIG
BTIG upgraded Upstart to Neutral from Sell without a price target. The firm acknowledges that the company's volumes are likely to accelerate further from here, which it says is the key catalyst for the shares into 2025. While not bullish on Upstart shares, BTIG is using a "bull-case scenario" for the stock of significant revenue growth, while holding the line on expenses. Even with this bull-case scenario, it arrives at a valuation that would only justify Upstart as a Neutral rating.
Upstart: This Is The Perfect Time To Sell (Rating Downgrade)
Upstart's Q3 earnings exceeded expectations, driven by strong demand for personal and auto loans, resulting in a 46% surge in share price and a $2.2B market cap increase. The fintech's revenue grew 27% quarter-over-quarter, with decent improvements in key metrics like conversion rates and automated credit decisions. Despite a positive outlook for Q4 and favorable interest rate conditions, Upstart's valuation has become too high, prompting me to take profits.
Upstart: Don't Get Too Much Excited
Upstart Holdings has shown improved operating momentum in Q3, with a 43% increase in lending volume and positive adjusted EBITDA, but remains a risky investment. The company's AI lending models are still in a validation phase and have not been tested in an economic recession, raising concerns about long-term sustainability. Upstart's reliance on funding partners and high EV/revenue multiple (10x) compared to peers (3.4x) suggests its current valuation may be overvalued.
Fintechs Upstart and Toast soar on earnings
Wall Street applauded results from fintech companies Upstart and Toast. Both companies reported better-than-expected quarterly results.
Compared to Estimates, Upstart (UPST) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Upstart (UPST) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Why Upstart Rocketed Almost 50% Today
Upstart's earnings show the company is firmly back in growth mode.
Upstart's Enhanced Lending Model Drives Revenue Growth, Analyst Sees Further Upside Potential
Piper Sandler analyst Arvind Ramnani upgraded Upstart Holdings, Inc. UPST to Overweight from Neutral, raising the price forecast to $85 from $31.
Upstart's stock roars higher. Here's why analysts say the tide is turning.
Analysts say the AI lender is on a better track is it benefits from an improved interest-rate climate, funding partnerships and “solid” credit trends.
Upstart Holdings, Inc. (UPST) Q3 2024 Earnings Call Transcript
Upstart Holdings, Inc. (NASDAQ:UPST ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Alice Berry - Senior Director of Investor Relations Dave Girouard - Co-Founder & Chief Executive Officer Sanjay Datta - Chief Financial Officer Conference Call Participants Peter Christiansen - Citigroup Arvind Ramnani - Piper Sandler Rob Wildhack - Autonomous Research Kyle Peterson - Needham David Schwartz - JMP Simon Clinch - Redburn Atlantic Giuliano Bologna - Compass Point Operator Good day and welcome to the Upstart Third Quarter 2024 Earnings Conference Call. Today's conference is being recorded.
Upstart Holdings, Inc. (UPST) Reports Q3 Loss, Tops Revenue Estimates
Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.05 per share a year ago.
