All articles tagged with #upstart holdings
The article highlights three high-conviction AI stocks—AMD, CoreWeave, and Upstart Holdings—each with the potential for 10x gains by 2036, driven by their advancements and roles in AI technology and cloud services, despite current challenges and valuations.
Upstart Holdings, Inc. (UPST) reported a Q4 loss of $0.11 per share, surpassing revenue estimates, and showing an earnings surprise of 26.67%. The company's stock has underperformed the market, and its earnings outlook is unfavorable, leading to a Zacks Rank #4 (Sell). Investors are advised to monitor industry outlook and anticipate Wix.com's upcoming earnings report.
BTIG analyst Lance Jessurun initiated coverage of several fintech firms, including PayPal, SoFi Technologies, and Upstart Holdings, with Buy ratings, citing a preference for names tied to recurring IT spend. SoFi and Jack Henry & Associates are most favored, with SoFi well-positioned to succeed against a gloomy consumer financial spending outlook. Affirm is the only stock that nabbed a Sell rating due to its exposure to discretionary spending and expense growth outpacing revenues.
Upstart Holdings, an AI lending company, saw its stock soar in premarket trading after announcing surprisingly positive guidance and securing long-term funding agreements, despite a drop in revenue.