Upstart Holdings Inc., a prominent fintech company in the United States that operates as a lending platform, is currently facing some funding challenges that are impacting its growth prospects. However, financial analysts remain optimistic about the company’s long-term potential due to its AI platform and the opportunity to establish new partnerships across various channels.
Despite the obstacles it currently faces, Upstart is expected to continue expanding its partnerships with banks, credit unions, and committed capital providers, which will contribute to its healthy growth beyond the fiscal year 2024. Analyst Kyle Peterson predicts that the company will generate $530.0 million in revenue in fiscal year 2023 and $720.3 million in fiscal year 2024.
Nevertheless, Upstart recently reported a decline in revenue for the second quarter, amounting to $136 million, marking a 40% decrease compared to the previous year. The company also issued weak guidance, further impacting its near-term growth outlook. As a result, Peterson anticipates a significant decline of approximately 37% in revenue for fiscal year 2023.
The stock price of Upstart has experienced volatility, with its shares trading at a 1.26% increase, amounting to $26.89 on the most recent check on Monday. The average rating score for UPST stands at 1.54, based on 2 buy ratings, 3 hold ratings, and 8 sell ratings. The consensus price target is $18.85, indicating a projected downside of 47.4% from its current price of $35.81.
Upstart Holdings, Inc.
Updated on: 04/12/2023
Debt to equity ratio: Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
12:00 PM (UTC)
Date:04 December, 2023
|Analyst / firm||Rating|
Loop Capital Markets
BOCOM International Holdings Company
UPST Stock Performance on September 25, 2023: Stable with Slight Decrease, Future Prospects to Consider
UPST stock performances on September 25, 2023 were relatively stable, with a slight decrease in the stock price compared to the previous close. The stock opened at $26.05 and had a day’s range of $25.84 to $26.96. The volume for the day was 132,512, which is significantly lower than the average volume of 10,267,317 over the past three months. The market cap of UPST is $2.2 billion.
UPST has experienced significant declines in earnings growth. The earnings growth for the last year was -175.70%, and for this year, it was -322.47%. However, there is no data available for the earnings growth for the next five years. The revenue growth for the last year was -0.72%.
UPST has a negative P/E ratio, denoted as NM (not meaningful), indicating that the company is not currently profitable. The price/sales ratio is 1.30, and the price/book ratio is 3.20.
UPST is scheduled to report its next earnings on November 7, 2023. The EPS forecast for this quarter is $0.04. In the previous year, UPST had an annual revenue of $842.4 million but incurred a loss of $108.7 million. The net profit margin for the company is -12.90%.
Although UPST has experienced negative earnings growth and a loss in the previous year, it is important to consider the broader market conditions and the company’s future prospects before making any investment decisions. Investors should carefully analyze the company’s financials and monitor any news or updates that may impact its stock performance.
Upstart Holdings Inc (UPST) Stock Performance Decreases: Analysts Recommend Selling
On September 25, 2023, Upstart Holdings Inc (UPST) experienced a significant decrease in its stock performance. According to data from CNN Money, 15 analysts have provided 12-month price forecasts for UPST, with a median target of $20.00. The high estimate is $64.00, while the low estimate is $6.00. The median estimate represents a -25.40% decrease from the last recorded price of $26.81.
Furthermore, a consensus among 16 polled investment analysts suggests that selling UPST stock is the recommended course of action. This rating has remained unchanged since July, indicating a consistent sentiment towards the stock.
In terms of financial performance, UPST reported earnings per share of $0.04 for the current quarter. Additionally, the company generated sales of $152.9 million. The reporting date for these figures is scheduled for November 7.
Investors should consider these factors and conduct thorough research before making any investment decisions regarding UPST. It is crucial to analyze the company’s financials, industry trends, and overall market conditions to make an informed choice.