This summary was created by AI, based on 1 opinions in the last 12 months.
Upstart Holdings (UPST-Q) has recently reported solid quarterly results, marking the second consecutive strong quarter for the company. Analysts are optimistic about the future, projecting earnings per share (EPS) could see a significant increase of 70% next year, as the company transitions from losses to profitability. The stock has regained considerable momentum, indicating positive investor sentiment. Additionally, with 23% of shares currently shorted, there is a potential for covering, which could further boost the stock's performance. Overall, these insights suggest a favorable outlook for investors considering holding or increasing their positions in the stock.
A Covid stock, part of the buy-now, pay-later group that had its day. In late 2021, it peaked around $400, plunged to the low teens two years later, then rebounded somewhat, but is still way past its highs. These stocks got killed as soon as the Fed announced it would raise interest rates, leaving behind the days of very low rates.
UPST had its big decline because it had to take loans onto its balance sheet. The recent deal goes a long way in resolving this concern. It does use data to price loans, but we are not sure if it is the 'AI play' that some think. The rally we think is likely largely short covering. However, when a stock goes from 'almost bankrupt' to growing again it can still have a big move, and longer than one might think. Its guidance was solid, so fundamental buyers may come back here and continue to support it.
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Upstart Holdings is a American stock, trading under the symbol UPST-Q on the NASDAQ (UPST). It is usually referred to as NASDAQ:UPST or UPST-Q
In the last year, 1 stock analyst published opinions about UPST-Q. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Upstart Holdings.
Upstart Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for Upstart Holdings.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Upstart Holdings In the last year. It is a trending stock that is worth watching.
On 2025-04-01, Upstart Holdings (UPST-Q) stock closed at a price of $46.
The quarter and outlook were very solid, and this is the second very strong Q in a row, and the stock has regained lots of momentum. EPS could be 70% next year, after a shift from a loss to a profit this year. The 23% short position will likely continue to cover. We think investors can hold this now.
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