Investment Thesis
Upstart is a $7.9B company focused on artificial intelligence software for loan approval. Unlike many high-flying software companies, Upstart is currently GAAP profitable. With explosive revenue growth and the potential to have very high margins at scale, Upstart is worth buying at current prices.
Similarly, What bank owns Upstart?
Upstart raised a Series D round of $50M from The Progressive Corporation in 2019.
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Upstart (company)
| Type | Public company |
|---|---|
| Revenue | US$848.59 million (2021) |
| Operating income | US$140.88 million (2021) |
| Net income | US$135.44 million (2021) |
| Total assets | US$1.82 billion (2021) |
Why did Upstart stock drop? Shares of Upstart Holdings were trading down 9% Tuesday after Wedbush downgraded the consumer-lending company to Underperform from Neutral, citing delinquency trends in the near future. Upstart shares (ticker: UPST) were down 10.8%, at $112.25, in recent trading. The S&P 500 was up 0.6%.
Thereof, Is Upstart holding profitable?
But more importantly, Upstart is profitable, and that’s rare for a relatively young tech company. With $2.35 in estimated earnings per share for 2022, Upstart’s stock trades at a forward price-to-earnings multiple of 36.
Is Upstart overvalued?
As UPST is also a financial stock, excess returns valuation applies here – and, just as with the above metrics, returns an overpriced judgment. Overall, no matter which financial analysis you employ in valuations, they all seem to point to an overvalued UPST.
Is Upstart publicly traded?
Today marks our fourth earnings report as a publicly traded company, and I continue to be amazed and delighted with the progress the Upstart team has made. This is an entirely unique time in our history and executing as a newly public company in this environment is not without challenges.
Who owns upstart holdings?
CEO Of Fintech Lender Upstart Now A Billionaire After Shares Soar 89% In One Day. F resh off a blockbuster earnings report that shattered Wall Street expectations, shares of AI-enabled fintech lender Upstart Holdings skyrocketed Thursday, minting a new billionaire out of Dave Girouard, the firm’s cofounder and CEO.
Why is Upstart stock going down?
UPST’s shares have dropped by -60% from its historical peak in mid-October 2021. The drop in UPST’s stock price is due to a sell-down in the fintech sector and concerns about the company’s rising default rates.
Will Upstart go up?
In 2022, it expects revenue to hit $1.4 billion, which would be 65% year-over-year growth. While not as strong as the 264% growth in 2021, if Upstart can consistently put up strong double-digit growth each year, this business will be much bigger a decade from now.
Is Upstart undervalued?
UPST’s rich valuations on an absolute and relative basis are justified by the expectations of robust top line expansion in the next two years. In conclusion, Upstart appears to be fairly valued, instead of being undervalued.
Will Upstart stock go up?
Stock Price Forecast
The 13 analysts offering 12-month price forecasts for Upstart Holdings Inc have a median target of 180.00, with a high estimate of 350.00 and a low estimate of 75.00. The median estimate represents a +117.92% increase from the last price of 82.60.
Will Upstart stock go up?
Upstart might not be a future technology giant, but that doesn’t mean it will be a bad investment. If the company continues increasing its loan volume and eventually moves into mortgages, Upstart’s stock will likely be much higher in 2030 than today.
Why is Upstart stock tanking?
U.S. stocks were down amid concerns about Russia’s escalating military campaign in Ukraine. Upstart shares rose last month after the company posted higher-than-expected revenue and predicted 2022 revenue of $1.4 billion.
Is UPST a buy or sell?
Out of 13 analysts, 6 (46.15%) are recommending UPST as a Strong Buy, 3 (23.08%) are recommending UPST as a Buy, 3 (23.08%) are recommending UPST as a Hold, 1 (7.69%) are recommending UPST as a Sell, and 0 (0%) are recommending UPST as a Strong Sell. What is UPST’s earnings growth forecast for 2022-2024?
Is Upstart undervalued?
($UPST) is still undervalued (Strong Buy)
What is the intrinsic value of Upstart stock?
Simply Wall St’s valuation model estimates the intrinsic value at US$103 per share.
Why is Upstart stock so high?
Upstart stock steadily climbed throughout most of 2021, but big jumps came after the company reported financial results for the first and second quarter. It generated revenue of $121 million and $194 million in Q1 and Q2, respectively, growing at year-over-year rates of 90% and 1,018%.
Is Upstart a Chinese company?
China Upstart CEO Steps Down After Building $44 Billion Fortune.
Is Upstart part of Nasdaq?
Upstart Holdings, Inc. Common stock (UPST) Institutional Holdings | Nasdaq.
How many banking partners does Upstart have?
Upstart, which went public last year, works with banks and credit unions to offer auto loans and personal loans of at least $1,000. The company says that it currently partners with 31 financial institutions.
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