Upstart Holdings, Inc. (UPST) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision. Here at Zacks, we prioritize appraising the chang ...

"Eltura has been a wonderful partner to Upstart, and we're excited to extend and deepen our relationship in this new phase of our agreement," said Sanjay Datta, CFO at Upstart. NEW YORK, June 24, 2024 /PRNewswire/ -- Eltura Capital Management, LLC ("Eltura"), an alternative asset manager investing in structured credit opportunities, today announced that it has entered into a second-year transaction as part of the 2023 multi-year agreement to purchase consumer installment loans from Upstart (NASDAQ: UPST), a ...

While the company's long-term potential is huge, another company with a more mature, stable business model is a better buy for investors today. Falling interest rates could be a tailwind for consumer lenders and create a potentially "historic" refinance opportunity for personal lenders. While this would benefit both Upstart and LendingClub, I think LendingClub (priced at 11.6 times its one-year forward estimated earnings compared to Upstart's 168 times) is a better way to take advantage of this opportunity. ...

The most recent trading session ended with Upstart Holdings, Inc. (UPST) standing at $21.67, reflecting a -0.98% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.16% loss on the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.18%. The company's stock has dropped by 5.53% in the past month, falling short of the Computer and Technology sector's gain of 6.77% and the S&P 500's gain of 3.15%. For the annual period, the Zacks Consensus Estimates anti ...

Over the past month, shares of this company have returned -11.1%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Computers - IT Services industry, which Upstart falls in, has lost 0.3%. The key question now is: What could be the stock's future direction? Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair ...

Fool.com contributor Parkev Tatevosian reviews Upstart (UPST 0.82%) and its latest investor update to determine whether long-term investors should consider buying the stock. *Stock prices used were the afternoon prices of May 23, 2024. The video was published on May 25, 2024. Upstart is one of the rare artificial intelligence companies that have not experienced a surging stock valuation. ...

Previous rating Upstart is a rate-sensitive credit play for investors, which is why I recommended the stock in my last work on the company in February 2024: Get In Before Rates Come Down. Upstart is growing its revenues again, but still faces short-term profitability issues. I believe Upstart is set to be a big beneficiary of the Fed's rate pivot in FY 2024 and FY 2025 and the company's earnings prospects are set to brighten with a restart of its personal loan originations. Upstart beats expectations The AI ...

The U.S. Federal Reserve could begin to cut interest rates later this year, and that will be a windfall for this AI- powered loan originator. Upstart Holdings (UPST -0.78%) went public in 2020 priced at $20 per share. In less than 12 months, its stock had soared 2,000% to $401 on the back of the company's lightning-fast revenue growth and its promising potential. The company developed an artificial intelligence (AI) algorithm to assess the creditworthiness of potential borrowers on behalf of banks, in a bid ...

Upstart attracted serious investor attention thanks to its unique lending assessment tool that leverages AI to better analyze potential borrowers. The company claims that its model can approve more loans, while at the same time keep defaults in check, something that its more than 100 banking partners can certainly appreciate. That's a winning solution that should help lenders generate more revenue and expand their customer bases. It also helps that Upstart has long been focused on developing its AI capabili ...

martin-dm The stock of Upstart Holdings, Inc. (NASDAQ:UPST) tanked 6% after the fintech presented its financial results for the first quarter on May 7, 2024. Upstart Holdings with its AI lending focus has fallen on hard times lately as the central bank’s aggressive push to hike short-term interest rates ate into the company’s sales growth and resulted in the fintech reported substantial losses. In 1Q24, Upstart Holdings, however, returned to double-digit sales growth and with the central bank sooner exp ...