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Upstart (UPST) Stock Forecast, Price & News

$26.93
+0.19 (+0.71%)
(As of 09/27/2023 ET)
Compare
Today's Range
$26.19
$27.97
50-Day Range
$26.55
$72.09
52-Week Range
$11.93
$72.58
Volume
5.30 million shs
Average Volume
8.29 million shs
Market Capitalization
$2.26 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$25.92

Upstart MarketRank™ Forecast

Analyst Rating
Reduce
1.73 Rating Score
Upside/​Downside
3.8% Downside
$25.92 Price Target
Short Interest
Bearish
37.72% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.08
Upright™ Environmental Score
News Sentiment
0.10mentions of Upstart in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$2.73 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.41) to ($1.00) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.58 out of 5 stars

Computer And Technology Sector

539th out of 603 stocks

Nondepository Credit Institutions Industry

39th out of 44 stocks


UPST stock logo

About Upstart (NASDAQ:UPST) Stock

Upstart Holdings, Inc., is a leading fintech operating in the United States as a lending platform. Together, with its subsidiaries, Upstart Holdings operates a cloud-based artificial intelligence (AI) lending platform in the United States. The company was founded in 2012 and is headquartered in San Mateo, California. By mid-2022 the company had originated more than $28.6 billion in loans with more than 75% of them fully automated.

The company’s mission is to enable effortless credit based on the true risk of the individual. The business is built on the belief that access to credit is fundamental to unlocking opportunities and upward mobility. With 80% of Americans having never defaulted on a loan, the 48% approval rate is far too low. Upstart’s own testing shows its system produces 75% fewer defaults at the same approval rate and approves upwards of 170% more loans with the same default rate as compared to the US largest lenders.

The platform works by aggregating consumer demand for loans and connecting them with its network of AI-enabled bank partners. The company facilitates loans for home improvement, automobile refinancing, personal use, and others. The AI-powered underwriting system goes beyond the FICO score to assess the true risk of the borrower. The AI-powered system actually learns over time as well, making the system faster and safer for both the borrower and the lender.

Lenders can enhance their businesses by partnering with Upstart Holdings. The all-digital AI-enabled lending platform will increase loan requests, and approvals, and increase customer satisfaction at the same time. Automobile retailers can also benefit from the program by offering Upstart-powered financing solutions at the point of sale or within their omnichannel experience.

Upstart has worked diligently with regulators since its founding to ensure it remains compliant with regulations and safe for consumers. In 2017 it became the first to receive a No Action Letter from the Consumer Financial Protection Bureau. The purpose of the No Action Letter is to prevent unnecessary legal actions from impeding a business that offers benefits to consumers.

Upstart Holdings was founded by Dave Girouard, Paul Gu, and Anna M. Counselman. The three have extensive backgrounds in AI, the internet, and finance and serve as the company’s CEO, chief technology officer, and operations chief

UPST Price History

UPST Stock News Headlines

B. Riley Lowers Upstart (NASDAQ:UPST) Price Target to $36.00
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Upstart (NASDAQ:UPST) Shares Gap Down on Insider Selling
Upstart: This Is A Great Time To Load Up The Truck
His system isolated NVIDIA - Here's His Next Buy.
Most investors don't know the truth about A.I. 50-year Wall Street Insider Marc Chaikin reveals what you should be doing to profit. Learn more here.
Upstart Has A Lot To Prove
Upstart: Price Matters
UPST Stock Alert: Can Upstart Really Hit $72?
Is Upstart Stock A Buy Or Sell Now?
See More Headlines
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UPST Company Calendar

Last Earnings
8/08/2023
Today
9/27/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:UPST
Fax
N/A
Employees
1,875
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$25.92
High Stock Price Forecast
$64.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
-2.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.73
Research Coverage
11 Analysts

Profitability

Net Income
$-108,670,000.00
Pretax Margin
-49.61%

Debt

Sales & Book Value

Annual Sales
$842.44 million
Book Value
$8.21 per share

Miscellaneous

Free Float
68,411,000
Market Cap
$2.24 billion
Optionable
Not Optionable
Beta
1.99
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Key Executives

  • Mr. David J. GirouardMr. David J. Girouard (Age 57)
    Co-Founder, Pres, CEO & Chairperson of the Board
    Comp: $460k
  • Mr. Paul GuMr. Paul Gu (Age 32)
    Co-Founder, CTO & Director
    Comp: $85.33k
  • Ms. Anna M. CounselmanMs. Anna M. Counselman (Age 42)
    Co-Founder & Sr. VP of Bus. Operations
    Comp: $414k
  • Mr. Sanjay Datta CFA
    Chief Financial Officer
  • Mr. Scott Darling Esq. (Age 51)
    Chief Legal Officer & Corp. Sec.
    Comp: $44.98k
  • Mr. Jason Schmidt
    VP of Investor Relations
  • Ms. Annie Delgado
    Chief Compliance Officer
  • Natalia MirgorodskayaNatalia Mirgorodskaya
    Corp. Controller













UPST Stock - Frequently Asked Questions

Should I buy or sell Upstart stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Upstart in the last year. There are currently 5 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "reduce" UPST shares.
View UPST analyst ratings
or view top-rated stocks.

What is Upstart's stock price forecast for 2023?

11 equities research analysts have issued 1-year target prices for Upstart's stock. Their UPST share price forecasts range from $9.00 to $64.00. On average, they anticipate the company's stock price to reach $25.92 in the next year. This suggests that the stock has a possible downside of 2.9%.
View analysts price targets for UPST
or view top-rated stocks among Wall Street analysts.

How have UPST shares performed in 2023?

Upstart's stock was trading at $13.22 at the start of the year. Since then, UPST shares have increased by 102.0% and is now trading at $26.70.
View the best growth stocks for 2023 here
.

When is Upstart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our UPST earnings forecast
.

How were Upstart's earnings last quarter?

Upstart Holdings, Inc. (NASDAQ:UPST) posted its earnings results on Tuesday, August, 8th. The company reported ($0.34) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.49) by $0.15. The company had revenue of $135.77 million for the quarter, compared to analysts' expectations of $133.91 million. Upstart had a negative net margin of 49.54% and a negative trailing twelve-month return on equity of 38.15%.

What guidance has Upstart issued on next quarter's earnings?

Upstart issued an update on its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $140.00 million-$140.00 million, compared to the consensus revenue estimate of $155.43 million.

When did Upstart IPO?

(UPST) raised $252 million in an IPO on Wednesday, December 16th 2020. The company issued 12,000,000 shares at $20.00-$22.00 per share. Goldman Sachs, BofA Securities and Citigroup served as the underwriters for the IPO and Jefferies, Barclays, JMP Securities and Blaylock Van were co-managers.

What is Upstart's stock symbol?

Upstart trades on the NASDAQ under the ticker symbol "UPST."

Who are Upstart's major shareholders?

Upstart's stock is owned by a variety of institutional and retail investors. Top institutional investors include Bank Julius Baer & Co. Ltd Zurich (61.62%), Geode Capital Management LLC (1.74%), Goldman Sachs Group Inc. (0.00%), Citadel Advisors LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (1.23%) and Northern Trust Corp (0.86%). Insiders that own company stock include Alison Nicoll, Anna M Counselman, Cassidy Sukhinder Singh, Daniel S Loeb, Dave Girouard, Hilliard C Terry III, Kerry Whorton Cooper, Mary Hentges, Natalia Mirgorodskaya, Paul Gu, Sanjay Datta and Scott Darling.
View institutional ownership trends
.

How do I buy shares of Upstart?

Shares of UPST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Upstart's stock price today?

One share of UPST stock can currently be purchased for approximately $26.70.

How much money does Upstart make?

Upstart (NASDAQ:UPST) has a market capitalization of $2.24 billion and generates $842.44 million in revenue each year. The company earns $-108,670,000.00 in net income (profit) each year or ($3.28) on an earnings per share basis.

How many employees does Upstart have?

The company employs 1,875 workers across the globe.

How can I contact Upstart?

The official website for the company is www.upstart.com. The company can be reached via phone at 650-204-1000 or via email at ir@upstart.com.

This page (NASDAQ:UPST) was last updated on 9/27/2023 by MarketBeat.com Staff

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