UPST Stock Recent News

Upstart reported a strong Q2 due to a big boost in loan conversions, but questions remain about sustainability and lack of consistent volume growth. The AI lending platforms expansion into auto and home loans is promising, but funding partners are lacking. The stock trades at 35x 2026 EPS targets, making Upstart expensive for uncertain funding growth.

Dave Girouard, Upstart co-founder and CEO, joins CNBC's 'Squawk on the Street' to discuss the company's most recent quarter.

Upstart Holdings, Inc. (NASDAQ:UPST ) Q2 2025 Earnings Conference Call August 5, 2025 4:30 PM ET Company Participants David J. Girouard - Co-Founder, President, CEO & Chairperson of the Board Paul Gu - Co-Founder, CTO & Director Sanjay Datta - Chief Financial Officer Sonya Banerjee - Head of Investor Relations Conference Call Participants Dan Dolev - Mizuho Securities USA LLC, Research Division James Eugene Faucette - Morgan Stanley, Research Division John Douglas Hecht - Jefferies LLC, Research Division Kyle Joseph - Stephens Inc., Research Division Kyle David Peterson - Needham & Company, LLC, Research Division Mihir Bhatia - BofA Securities, Research Division Peter Corwin Christiansen - Citigroup Inc., Research Division Ramsey Clark El-Assal - Barclays Bank PLC, Research Division Reginald Lawrence Smith - JPMorgan Chase & Co, Research Division Robert Henry Wildhack - Autonomous Research US LP Simon Alistair Vaughan Clinch - Redburn (Europe) Limited, Research Division Operator Good a

Triple-digit gains across key business segments — as measured in loan originations and revenues — were not enough to stave off a 7% drop in Upstart Holding's shares in after-market trading on Tuesday (Aug. 5).

Although the revenue and EPS for Upstart (UPST) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Upstart Holdings, Inc. (UPST) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to a loss of $0.17 per share a year ago.

SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart Announces Results for Second Quarter 2025.

I rate UPST a buy, as macroeconomic and company-specific tailwinds position it for a breakout with interest rates expected to decline. UPST's fundamentals are improving: Q1 revenue up 67% YoY, transaction volume up 89%, and contribution margin strong at 55%. Auto loans and HELOCs are rapidly growing segments, with HELOC originations up 6x YoY, offering significant future growth potential.

I initiate a Buy rating on Upstart Holdings, Inc. with a fair value of $118, citing its differentiated AI-driven loan origination platform. Upstart's AI models leverage 2,500+ variables, enabling automated, accurate, and scalable loan underwriting, reducing default risks for financial partners. Recent partnerships, robust funding supply, and strong transaction/revenue growth support my bullish outlook, with 60% revenue growth expected in FY25.

The risks are real—especially the debt and funding dependence, yet I see a path to $100 per share by summer 2026. Upstart's AI-driven lending platform is rebounding, with expected 60% y/y revenue growth and a path to $1B in 2025 revenues. Valuation is attractive at 7x forward sales, but a $735M net debt overhang and potential dilution remain key risks.