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The fintech industry is set to keep growing going forward. To capitalize on this, you can bet on companies like HOOD, MCO and UPST to generate strong returns.
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.
The stock market has been on a tear over the last couple of years. The S&P 500 delivered back-to-back annual gains of over 25% during 2023 and 2024, something it has only done on one other occasion since it was established (during the dot-com internet boom in 1997 and 1998).
HOLYOKE, Mass. & SAN MATEO, Calif.--(BUSINESS WIRE)--Holyoke Credit Union Selects Upstart for Personal Lending.
Upstart: Strong Buy Rating Ahead Of Projected $1 Billion Revenue In 2025