Upstart Holdings Stock News

Upstart's artificial intelligence model for making lending decisions could be an innovative improvement to the massive credit market.

Upstart delivered solid Q2 earnings last week that included a strong Q3 revenue projection. Upstart also beat earnings estimates and saw double-digit Q/Q loan growth. The Fintech's shares have surged after earnings.

Upstart reported second-quarter earnings this week. Despite revenue and profit declines, the results were better than expected.

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Upstart Holdings, Inc. stock surged nearly 40% after beating its Q2 estimates. Despite its revenue and earnings beats, Upstart's financial results softened year-over-year. The company's operating metrics are under pressure, which we believe will linger due to a challenging credit market.

Upstart beat estimates, though revenue still declined. The company expects momentum to pick up in the second half of the year.

Following an impressive second-quarter earnings report, Upstart Holdings Inc (NASDAQ: UPST) has witnessed a significant shift in analyst perceptions. Notably, Citi upgraded the company from ‘Sell/High Risk' to ‘Neutral/High Risk,' simultaneously raising their price target from $15 to $33.