UPST Stock Forecast is $22

UPST Stock Forecast is $22

UPST Stock Forecast for the next 12 months is $22


Latest UPST Price

Also Read: SoFi Stock Forecast

UPST Stock Forecast: Latest News

  1. Upstart laid off 140 employees:  Upstart has laid off around 140 employees recently amid the increasing challenges due to the raising interest rates and decreasing loan demand. The stock fell by 4% after this move.
  2. Upstart auto retail as Honda’s digital retailing partner: Upstart auto retail’s certification is announced as Honda’s digital solutions partner under which all the Honda dealers and customers can use Upstart’s car buying software.
  3. Upstart’s partnership with Commonwealth credit union: Commonwealth credit union (a credit union with more than 117k members) partnered with Upstart to provide personal loans to Kentucky credit union customers.

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
Barclays$37
Atlantic Securities$22
Mizuho$17

UPST Stock Forecast Today

Overall OutlookNeutral
1. Market's WisdomNeutral
1a. Market DataNeutral
1b. Technical RecommendationNeutral
2. Crowd's WisdomNeutral
2a. Social Media BuzzNeutral
2b. Social Media SentimentNeutral

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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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. 

Mayank Kumar

Mayank Kumar

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