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.

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UPST Stock Price Prediction for the next 12 months

UPST Stock Forecast Today

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

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