This company is expected to post quarterly loss of $0.39 per share in its upcoming report, which represents a year-over-year change of -750%. Revenues are expected to be $125.16 million, down 7.8% from the year-ago quarter. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> Upstart extended its rally, driven by growing partner network. The company's artificial intelligence (AI)-based lending platform has been selected by s ...

Upstart stock has historically been volatile and could respond to good news with a quick increase. I recommend that investors wait for sustained positive results before investing in the company's stock. Sales have fallen off a cliff, and earnings have become losses. It's been almost three years since the beginning of the descent and seems like investors are losing patience for the chance of a rebound. Declines are stabilizing, and Upstart reported a 24% sales increase year over year in the 2024 first quarte ...

Coming into today, shares of the company had gained 16.69% in the past month. In that same time, the Computer and Technology sector gained 5.73%, while the S&P 500 gained 4.28%. Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, i ...

Upstart (NASDAQ:UPST) may be beginning to see the light at the end of the tunnel. With the company having calibrated to the higher interest rate environment, management is now projecting a return to sequential growth and positive EBITDA generation by the end of the year. It is notable that the company appears to have right sized its cost structure to be able to operate profitably even in this higher interest rate environment. The stock is looking more and more investable assuming the status quo, and outrigh ...

Upstart's lending model is promising, but there is one thing it can't overcome: the cyclical nature of personal lending. Cyclical companies see their business rise during economic growth and expansion and decline during contractions. For a company like Upstart, the broader market and lending conditions greatly affect its bottom line. Then, inflation readings came in at the highest level in decades and the Fed began aggressively raising interest rates, which had a ripple effect across lending and other inter ...

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 ...