UPST Stock Forecast is $22

UPST Stock Forecast for the next 12 months is $22

Latest UPST Price

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UPST Stock Forecast: Latest News

  • Recently, Upstart Holdings experienced a surge in its performance, attributed to BTIG’s upgraded Q2 revenue estimate. BTIG’s Lance Jessurun analyzed web traffic data, which led him to anticipate potential positive outcomes for Upstart (UPST) in the second quarter. Upstart is scheduled to announce its Q2 results on August 8th, 2023.
  • In a recent filing with the Securities and Exchange Commission (SEC), Leq Capital LLC disclosed its acquisition of a new stake in Upstart Holdings, Inc. during the first quarter of this year. The firm purchased 11,236 shares of Upstart’s stock, with an estimated value of around $179,000.

Read: AMC Stock Forecast

UPST Stock Price Prediction for the next 12 months

Average UPST Stock Forecast for the next 12 Months$22
Bank of America $15
Jefferies Financial Group$20
Atlantic Securities$22

UPST Stock Forecast Today

UTC: Oct 4th, 2023 01:08 AM
Overall OutlookPartially Bearish
1. Market's WisdomBearish
1a. Market DataBearish
1b. Technical RecommendationNeutral
2. Crowd's WisdomNeutral
2a. Social Media BuzzSteady
2b. Social Media SentimentSteady

UPST Stock Forecast: Q3 Results

  • Revenue of the company decreased from $228.16M (Q2) to $157.23 (Q3). This happened with a YoY
    of -31.31% (Q3) as compared to 17.64% YoY (Q2). Revenue includes Revenue from Fees and Interest
    Income and fair value adjustments.
  • EPS for Q3 stands at -0.69 as compared to -0.36 (Q2), with a YoY growth rate of -287.73% (Q3) as
    compared to -173.27% (Q2).
  • Cashflow from operating activities is -$101.37 (Q3,2022) as compared to $43.60M (Q3,2021), which
    is a decrease of -332.49% YoY.
  • Net Income for Q3 is -$56.22M with a YoY of -293.12%.
  • EBITDA is ($14.4M) in Q3’22, down from $59.1M in Q3’21
  • Upstart repurchased 931 thousand shares of UPST totaling approximately $25 million.
  • Bank partners originated 188,519 loans, totaling $1.9 billion, across the platform in the third quarter,
    down 48% from the same quarter of the prior year. Conversion on rate requests was 10% in the third
    quarter of 2022, down from 23% in the same quarter of the prior year.
  • Segment wise revenue details: Revenue from Fees: $1793468, Platform and Referral Fees: $134786, Servicing and Other Fees: $44562


Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Please consult a registered investment advisor to guide you on your financial decisions. 

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