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Upstart's innovative AI model can provide more people with access to credit. Higher interest rates have gotten in the way of Upstart's growth.
Upstart originates loans using a unique algorithm powered by artificial intelligence. Upstart stock is ticking higher after a 96% peak-to-trough plunge between 2021 and 2022.
Of the 18 analysts covering Upstart, just one rates it a buy. Upstart should get a significant boost from falling interest rates.
Upstart Holdings' share price has rebounded over 60% in the last three months, putting it in the green for 2024. Short interest in Upstart is high, potentially leading to a short squeeze that could drive the stock price higher. Concerns about the company's valuation and downside risks, including economic factors and revenue growth challenges, may impact future performance.
Shares of this fintech innovator trade 90% off their peak price. In order to increase revenue and loan volume, this business relies on a robust macroeconomic backdrop.
Zacks.com users have recently been watching Upstart (UPST) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Upstart Holdings Inc. released its Q2 2024 earnings, leading to a 40% jump in share price, fuelled by operational improvements. The company has shown progress in its AI-based credit decision models, leading to better risk separation and increased automation, as well as improvements in its funding structure. Upstart's new lending products auto, small dollar, and HELOC are gaining traction, indicating a positive outlook for the company's future growth.
Upstart's artificial intelligence model for making lending decisions could be an innovative improvement to the massive credit market.
Upstart delivered solid Q2 earnings last week that included a strong Q3 revenue projection. Upstart also beat earnings estimates and saw double-digit Q/Q loan growth. The Fintech's shares have surged after earnings.
Upstart reported second-quarter earnings this week. Despite revenue and profit declines, the results were better than expected.