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QQQ   438.07
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Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Better Than Oil Stocks (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Better Than Oil Stocks (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard

Upstart (UPST) Stock Price, News & Analysis

$24.47
-0.04 (-0.16%)
(As of 02/22/2024 ET)
Today's Range
$24.29
$25.33
50-Day Range
$24.47
$47.31
52-Week Range
$11.93
$72.58
Volume
6.07 million shs
Average Volume
9.20 million shs
Market Capitalization
$2.11 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$26.44

Upstart MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.67 Rating Score
Upside/​Downside
8.1% Upside
$26.44 Price Target
Short Interest
Healthy
40.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-1.08
Upright™ Environmental Score
News Sentiment
-0.31mentions of Upstart in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.38 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.19) to ($1.30) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.70 out of 5 stars

Computer And Technology Sector

429th out of 586 stocks

Nondepository Credit Institutions Industry

21st out of 45 stocks


UPST stock logo

About Upstart Stock (NASDAQ:UPST)

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 Stock Price History

UPST Stock News Headlines

Is Upstart a Millionaire Maker?
AI Stock Caught Trading Under Secret Name
We have uncovered perhaps the most unusual AI stock we've ever seen.It's expected to see massive revenue this year - $215 billion.  The company holds over 29,000 patents in the U.S. It pays an enormous dividend.
Is Upstart Stock a Buy?
Is Upstart Finally Turning Around?
Upstart: Buy, Sell, or Hold?
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Upstart Stock: Buy the Dip?
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Why Upstart Stock Is Plummeting This Week
Upstart (NASDAQ:UPST) PT Raised to $28.00
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See More Headlines
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Company Calendar

Last Earnings
11/09/2021
Today
2/22/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Nondepository credit institutions
Sub-Industry
N/A
Current Symbol
NASDAQ:UPST
Fax
N/A
Employees
1,388
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.44
High Stock Price Target
$64.00
Low Stock Price Target
$9.00
Potential Upside/Downside
+8.1%
Consensus Rating
Reduce
Rating Score (0-4)
1.67
Research Coverage
9 Analysts

Profitability

Net Income
$-240,130,000.00
Pretax Margin
-46.74%

Debt

Sales & Book Value

Annual Sales
$513.56 million
Book Value
$7.35 per share

Miscellaneous

Free Float
70,484,000
Market Cap
$2.11 billion
Optionable
Optionable
Beta
2.11
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UPST Stock Analysis - Frequently Asked Questions

Should I buy or sell Upstart stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Upstart in the last twelve months. There are currently 4 sell ratings, 4 hold ratings and 1 buy rating 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 target for 2024?

9 analysts have issued 12-month price targets for Upstart's stock. Their UPST share price targets range from $9.00 to $64.00. On average, they predict the company's stock price to reach $26.44 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for UPST
or view top-rated stocks among Wall Street analysts.

How have UPST shares performed in 2024?

Upstart's stock was trading at $40.86 on January 1st, 2024. Since then, UPST shares have decreased by 40.1% and is now trading at $24.47.
View the best growth stocks for 2024 here
.

When is Upstart's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our UPST earnings forecast
.

How were Upstart's earnings last quarter?

Upstart Holdings, Inc. (NASDAQ:UPST) released its quarterly earnings data on Tuesday, November, 9th. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.21 by $0.39. The company earned $228.45 million during the quarter, compared to analyst estimates of $213.46 million. Upstart had a negative net margin of 46.76% and a negative trailing twelve-month return on equity of 35.47%.

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

Upstart issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 13th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $125.0 million-$125.0 million, compared to the consensus revenue estimate of $151.2 million.

When did Upstart IPO?

(UPST) raised $252 million in an initial public offering (IPO) on Wednesday, December 16th 2020. The company issued 12,000,000 shares at a price of $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.

Who are Upstart's major shareholders?

Upstart's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.25%), Citadel Advisors LLC (0.00%), Nomura Holdings Inc. (0.00%), IMC Chicago LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (1.20%) and Voloridge Investment Management LLC (1.19%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:UPST) was last updated on 2/23/2024 by MarketBeat.com Staff