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These fintech stocks look ready for a rebound.
LEXINGTON, Mass. & SAN MATEO, Calif.--(BUSINESS WIRE)--MIT Federal Credit Union Selects Upstart for Personal Lending.
This fintech disruptor has already rebounded sharply, but it could be just the beginning.
Upstart has been experiencing declines and losses for several years now. It's still launching new products and attracting credit partners.
Upstart (UPST) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The Fed has commenced its easing cycle with a 50bps rate cut last week which will give a lift to Upstart's conversion rates. Upstart is reverting towards being "capital efficient fee based business" as loans held. Lending partners are returning to the platform, and management has succeeded in efforts to diversify funding supply.
UPST's 71% rise signals more growth ahead, with AI-driven lending and falling interest rates creating a compelling buy opportunity.
Upstart (UPST) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
U.S. stock futures were mixed this morning, with the Dow futures gaining around 100 points on Monday.
SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart Announces Proposed Private Offering of $300,000,000 of Convertible Senior Notes Due 2029.