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Upstart (UPST) Stock Forecast, Price & News

$27.56
-0.98 (-3.43%)
(As of 04:30 PM ET)
Compare
Today's Range
$27.37
$29.04
50-Day Range
$26.55
$72.09
52-Week Range
$11.93
$72.58
Volume
4.01 million shs
Average Volume
8.24 million shs
Market Capitalization
$2.31 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
5.7% 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
0.52mentions of Upstart in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$2.73 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($2.41) to ($0.98) Per Share

Overall MarketRank

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

1.60 out of 5 stars

Computer And Technology Sector

548th out of 611 stocks

Nondepository Credit Institutions Industry

36th out of 43 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

Upstart (NASDAQ:UPST) Shares Up 7.1%
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
B. Riley Lowers Upstart (NASDAQ:UPST) Price Target to $36.00
Upstart (NASDAQ:UPST) Shares Gap Down on Insider Selling
Elon Did It Again: This Could be Bigger than Tesla
Love him or hate him, it’s hard to deny Elon Musk is a genius. After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)... He’s getting ready to do it again with his new AI venture.
Upstart: This Is A Great Time To Load Up The Truck
Upstart Has A Lot To Prove
Upstart: Price Matters
UPST Stock Alert: Can Upstart Really Hit $72?
See More Headlines
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UPST Company Calendar

Last Earnings
8/08/2023
Today
10/02/2023
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
-5.5%
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
$2.30 billion
Optionable
Not Optionable
Beta
2.04
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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 equities 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 equities 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 Wall Street analysts have issued twelve-month target prices for Upstart's stock. Their UPST share price forecasts range from $9.00 to $64.00. On average, they predict the company's stock price to reach $25.92 in the next year. This suggests that the stock has a possible downside of 5.5%.
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 beginning of 2023. Since then, UPST stock has increased by 107.5% and is now trading at $27.43.
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) issued its quarterly earnings results on Tuesday, August, 8th. The company reported ($0.34) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.49) by $0.15. The firm had revenue of $135.77 million for the quarter, compared to the consensus estimate 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 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 initial public offering 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 acted 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."

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 $27.43.

How much money does Upstart make?

Upstart (NASDAQ:UPST) has a market capitalization of $2.30 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 10/2/2023 by MarketBeat.com Staff

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