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 ...

For the quarter ended March 2024, Upstart Holdings, Inc. (UPST) reported revenue of $127.79 million, up 24.2% over the same period last year. EPS came in at -$0.31, compared to -$0.47 in the year-ago quarter.The reported revenue represents a surprise of +2.39% over the Zacks Consensus Estimate of $124.82 million. With the consensus EPS estimate being -$0.38, the EPS surprise was +18.42%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...

Upstart Holdings, Inc. (NASDAQ:UPST) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Jason Schmidt - VP, Head, IR Dave Girouard - Co Founder and CEO Sanjay Datta - CFO Conference Call Participants John Coffey - Barclays Kyle Peterson - Needham Peter Christiansen - Citi Dan Dolev - Mizuho David Scharf - Citizens JMP Securities Rob Wildhack - Autonomous Research John Hecht - Jefferies Nate Richam - Bank of America Giuliano Bologna - Compass Point Simon Clinch - Redburn Atlantic Re ...

Upstart Holdings, Inc. (UPST) came out with a quarterly loss of $0.31 per share versus the Zacks Consensus Estimate of a loss of $0.38. This compares to loss of $0.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.42%. A quarter ago, it was expected that this company would post a loss of $0.15 per share when it actually produced a loss of $0.11, delivering a surprise of 26.67%.Over the last four quarters, the company has s ...

If you are in the business of providing loans, there will always be a demand for your product. As for the customers that need to be served, the total addressable market (TAM) for annual loan originations is a whopping $3 trillion.Artificial intelligence (AI)-powered lending platform Upstart has originated $38 billion in loans across its 3 million customers — leaving lots of room to grow. That’s why, on Tuesday’s (May 7) first quarter 2024 earnings call, Upstart executives stressed to investors that the comp ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________ Commission File Number: 001-39797 Upstart Holdings, Inc. (Exact name of registrant as specified in its charter) ...