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ALLENTOWN, Pa. & SAN MATEO, Calif.--(BUSINESS WIRE)--First Commonwealth Expands Access to Personal Loans Through Partnership with Upstart.
In the latest trading session, Upstart Holdings, Inc. (UPST) closed at $38.99, marking a +1.14% move from the previous day.
Upstart (UPST 20.31%) uses artificial intelligence to make lending decisions.
UPST and SOFI are major players in the fintech industry. Which one is a better investment option?
Upstart (UPST) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart to Announce First Quarter 2025 Results on May 6, 2025.
Upstart Holdings, Inc. (UPST) closed the most recent trading day at $46, moving -0.07% from the previous trading session.
NewtekOne has dipped 7% year-to-date, trading at one of its lowest sales multiples since converting from a BDC to a bank. NEWT's deposits surged 39.5% sequentially, with total assets up 50% year-over-year. The company reported fiscal 2024 fourth quarter revenue growth of 31% year-over-year and upped 2025 EPS guidance.
Upstart Holdings faces economic weakness fears, though loan origination and conversion rates have improved. The AI lending platform aims for $1 billion in 2025 revenue, further expanding into auto lending and HELOC markets. The key UMI index already suggests a tough lending environment, with ultimate upside on an improving market in the next 1 to 2 years.
Upstart has shown strong execution, with improved underwriting algorithms boosting top-line growth. The company has seen revenue growth accelerate and management expects further acceleration into 2025. This acceleration in growth is expected to coincide with a return to GAAP profitability.