The stock price of Upstart (NASDAQ: UPST), a cloud-based artificial intelligence lending platform in the U.S., has risen a solid 35% in a month. Much of this move came after it announced a better than anticipated quarterly performance on November 7.
Upstart's Q3 earnings exceeded expectations, driven by strong demand for personal and auto loans, resulting in a 46% surge in share price and a $2.2B market cap increase. The fintech's revenue grew 27% quarter-over-quarter, with decent improvements in key metrics like conversion rates and automated credit decisions. Despite a positive outlook for Q4 and favorable interest rate conditions, Upsta...
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.