Upstart Holdings Stock News

Upstart uses artificial intelligence to make lending decisions.

SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart Announces Proposed Private Offering of $425,000,000 of Convertible Senior Notes Due 2030.

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...

Upstart Holdings has shown improved operating momentum in Q3, with a 43% increase in lending volume and positive adjusted EBITDA, but remains a risky investment. The company's AI lending models are still in a validation phase and have not been tested in an economic recession, raising concerns about long-term sustainability. Upstart's reliance on funding partners and high EV/revenue multiple (10...

Robinhood, Upstart, and Affirm are positioned to head higher.

Wall Street applauded results from fintech companies Upstart and Toast. Both companies reported better-than-expected quarterly results.

On Wall Street, what goes up must go down, and vice versa. A momentous week with a seesaw of volatility in the markets could be rightly chalked up to the seismic shifts from elections Tuesday (Nov. 5).

Upstart's earnings show the company is firmly back in growth mode.