Despite this, there are many mundane motivations for executives to sell shares, such as portfolio diversification. Meanwhile, Q4 revenue guidance implies that top-line results could register quarter-over-quarter growth of about 12-16%, reflecting a further moderation in growth. Upstart (UPST) stock came to market on 16 December 2020 at an opening price of $20 a share. Click here to get access to the full list! It aims to improve access to affordable credit for borrowers while reducing the risk and cost of lending for its bank partners. The current Upstart Holdings [ UPST] share price is $23.35. Upstart Stock's Forecast For 2022 Looking forward, I expect growth to remain strong. Upstart - UPST Stock Forecast, Price & News $23.18 -0.50 (-2.11%) (As of 10/31/2022 12:00 AM ET) Compare Today's Range $23.14 $25.53 50-Day Range $20.54 $28.11 52-Week Range $20.12 $355.42 Volume 5.30 million shs Average Volume 9.59 million shs Market Capitalization $1.89 billion P/E Ratio 26.04 Dividend Yield N/A Price Target $64.31 Profile US Securities and Exchange Commission (SEC). Based on its upping of guidance, it has a strong chance of hitting the high end of. Type a symbol or company name. Members of Best Of Breed get exclusive access to our model portfolio. TipRanks->. While customer concentration remains an important risk, the company is growing rapidly and should continue aggressive growth next year as it enters the auto loan market. As stated in the 10-Q filing, just two bank partners accounted for 92% of transaction volume, despite growing its partner list by over 200% to 31 as of the latest quarter. Nasdaq Profile Financials Valuation Risk Sentiment Prediction Options Leverage Analysis. What should investors do this year? While customer concentration remains an important risk, the company is growing rapidly and should continue aggressive growth next year as it enters the auto loan market. Are you interested in Upstart Holdings, Inc. stocks prediction? It is worth noting that Girouard did not address the transactions in the recent earnings call, but seemed at pains to stress his commitment to Upstart. CFO Sanjay Datta sought to reassure investors by explaining the following: Our model today includes a healthy accommodation for economic degradation in the coming months, consistent with high inflation, fear of recession, and an increase in unemployment. Specifically, our model has been calibrated for an economy in the next two years that will be significantly worse than the 2014 2019 period.. Is this happening to you frequently? This video will highlight one major red flag for . Wallet Investors Upstart share price forecast suggested the price could rise to $128.85 by May 2023, $162.59 by May 2024, $200.95 by May 2025 and $240.56 by May 2026. Why Is Huadi International (HUDI) Stock Up 90% Today? Note that analyst price forecasts can be wrong, and you should always conduct your own research. However, solely looking at the historical price movement is usually misleading. SoFi reported Q3 revenue of $424 million, up 56 year-over-year (YOY), with adjusted EBITDA tallying in at $44 million, up 332% YOY. TipRanks Hedge Fund Trading Activity tool shows thathedge funds sold 130.4K Upstart sharesin the last three months. UPST one year forecast. The price grew over the course of the spring and entered a bull run in late June 2021, when it rose from around $120 to an all-time high of $390 on 15 October. Hecht further highlighted indirect credit risk for Upstart. Upstart Holdings stock monthly and weekly forecasts. Valuation concerns, an expected moderation in growth, an increase in delinquencies, and competitive headwinds are to blame for the selloff in Upstart stock. Higher interest rates may lead to lower loan originations, but I note that it isnt clear that it will impact UPSTs customer base as much due to the fact that much of UPSTs loans are in the high yield department. High conviction investment ideas in the winners of tomorrow. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Even though it does face competition, Upstart is making gains in a huge potential market. This significant fall is in the backdrop of . Further,Upstarts stock forecastand price targets on TipRanks show significant upside potential due to the recent correction in price. According to data from MarketBeat, the stock had three buy ratings, eight hold and two sell ratings. The average twelve-month price prediction for Upstart is $64.31 with a high price target of $245.00 and a low price target of $17.00. You're paying 15 times revenue and 100 times . The company says 67% of loans are approved instantly, and that total approval rates are higher than with the traditional scoring system. Type a symbol or company name. call +44 20 8089 7893 support@capital.com. The huge opportunity, disruptive business, and profitability make this stock a keeper. However, with UPST stock down more than 80% year-to-date (YTD), the big question is whether that has already been priced in. Forecast target price for 11-10-2022: $ 21.44. That has created a fantastic buying opportunity, as the risk-reward proposition is now skewed for substantial upside. Amit Singh for Based on 12 Wall Street analysts offering 12 month price targets for Upstart Holdings in the last 3 months. Disclaimer:The information contained in this article represents the views and opinion of the writer only, and not the views or opinion of TipRanks or its affiliates Read full disclaimer >. I rate shares a strong buy (though note the risks). And never invest or trade money you cant afford to lose. Getting loans to those "missing million" provides more equity in the marketplace and more business for banks. Do Not Sell My Personal Information (CA Residents Only). Furthermore, total origination volume increased 2% to $3.48 billion. Upstart Holdings Stock Forecast for 2022: March 2022: 118.17: 130 . There are currently no responses for this story. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Please. Deposits totaled $5 billion, up 86% YOY, while new direct deposit account customers during Q3 had a median FICO score of 750. Lets get into the details. Along with Hecht, Wedbush analyst David Chiaverini cited the uptick in delinquencies for his Hold rating on Upstart stock. This growth continued, and by 1 February 202, the share price stood at $62.19 a 211% increase on its initial public offering (IPO) level. There are plenty of risks to note here. Julian Lin runsBest Of Breed Growth Stocks, a research service uncovering high conviction ideas in the winners of tomorrow., Get access to hishighest conviction ideas here.. Jan 2, 2022 8:30AM EST. UPST Stock Price Prediction. Today, one of the most impressive movers is Upstart (NASDAQ: UPST), which has surged following impressive earnings. Finally, it has a $4.5 trillion opportunity in mortgages, a market that it plans to enter in 2022. These symbols will be available throughout the site during your session. ET You're reading a free article with opinions that may differ. Upstart reported year-over-year revenue growth of over 1,000% in Q2 2021. UPST's last traded share price of $157.99 as of February 28, 2022 represents a -60.6% decline from the company's all-time share price high of $401.49 registered on October 15, 2021 during. That was driven by personal loan volume of $2.8 billion in particular, up 71% YOY. The stock was bolstered over this period by several banks launching personal loans platforms powered by Upstart, and the strong second-quarter results announced on 10 August 2021. The last closing price of the Upstart Holdings, Inc share was $23.18 and has changed by -2.11% since the penultimate trading day. Founded in 1993 in Alexandria, VA., by brothers David and Tom Gardner, The Motley Fool is a multimedia financial-services company dedicated to building the world's greatest investment community. As of 11 May, the average 12-month analyst price target for Upstart (UPST) stock was $97.77 price targets ranged from $28 to $330, according to data from MarketBeat. I have no business relationship with any company whose stock is mentioned in this article. Disappointing first-quarter results released on 9 May did little to reassure investors, and the price plunged 46% in after-hours trading. The stock had run up 9x year to date before falling over 50% - part of that was due to broader market volatility and part of that was due to the modest increase to guidance in the latest quarter. 1125 N. Charles St, Baltimore, MD 21201. Shares of Upstart Holdings (NASDAQ:UPST) are under pressure, as reflected by the 49% decline in their price over the past three months. UPST Stock Prediction 2022. Capital Com is an execution-only service provider. Oct 15, 2021 09:18AM EDT. During the last trading day the stock fluctuated 5.32% from a day low at $22.76 to a day high of $23.97. Recall that UPST uses artificial intelligence to provide loan origination services to bank partners.. Reaching millions of people each month through its website, books, newspaper column, radio show, television appearances, and subscription newsletter services, The Motley Fool champions shareholder values and advocates tirelessly for the individual investor. Expert Stock Picks / Hot Stocks / Upstart Stock Is Getting a Dose of Reality With Another Downgrade; . In addition, the company also added almost 424,000 new customers. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return. Looking forward, I expect growth to remain strong. What is Upstart? UPST has been one of my great winners this year, and the stock has fallen over 50% since my last article, which rated the stock as neutral. More bank partners are using Upsart's platform to get these benefits. The average price target represents a 5.48% change from the last price of $23.18. The AI lending platform has been hampered by higher interest rates. On the date of publication, Eddie Pan did not hold (either directly or indirectly) any positions in the securities mentioned in this article. Upstart Holdings, Inc. is on the list -- but there are nine others you may be overlooking. The Upstart stock price gained 1.41% on the last trading day (Friday, 28th Oct 2022), rising from $23.35 to $23.68. Past profits do not guarantee future profits. The forecast for the further price development, based on current price information, is 10.68% (time horizon: 1 day) and results in a price target of $25.66. All rights reserved. Upstart Holdings stock forecasts are adjusted once a day based on the closing price of the previous trading day. Please disable your ad-blocker and refresh. So, what's next for UPST stock? 1125 N. Charles St, Baltimore, MD 21201. Join the 455.000+ traders worldwide that chose to trade with Capital.com, Also you can contact us: Step 2: Verification - Supply . The average analyst is only slightly bullish with a 3.7 rating out of 5. And amid this challenging climate, CEO Girouard has sold a significant number of Upstart shares. Not too many. The Motley Fool owns and recommends Upstart Holdings, Inc. If I had to nitpick on the quarter, one slightly sour point is that 67% of loans were fully automated - down from 71% in the prior quarter. Upstart Holdings stock forecasts are adjusted once a day based on the closing price of the previous trading day. This had fallen to 200% for Q3, and the company issued guidance equivalent to 200% revenue growth for Q4. Whats more, Girouards sell off came shortly weeks after an ambitious share buyback programme was announced something that regulators have taken a dim view of. In April, CEO Dave Girouard made the news as he sold off Upstart shares. Jennifer Saibil has no position in any of the stocks mentioned. Its worth noting that analysts predictions are frequently wrong and forecasts are no substitute for your own research. That's still high-growth territory, and if you pull your money out to find a stock with faster growth, you might come up empty. In the May earnings call, Girouard also warned that increased risk in the economy was raising loan prices on the platform and lowering demand. The Score for UPST is 46, which is 8% below its historic median score of 50, and infers higher risk than normal. Copy and paste multiple symbols separated by spaces. Even at $152/share, this is not a cheap stock. I/we have a beneficial long position in the shares of UPST either through stock ownership, options, or other derivatives. Piper Sandler downgraded Upstart stock to a neutral rating on 10 May and cut their price target from $230 to $44. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Upstart ( UPST -0.77%) stock is having a challenging year in 2022. That would bring full-year revenue and EPS to $895.07 million and 70 cents, respectively. Fast-forward to mid-February 2022, and UPST stock was trading at around $105. According to the issued ratings of 13 analysts in the last year, the consensus rating for Upstart stock is Hold based on the current 6 sell ratings, 5 hold ratings and 2 buy ratings for UPST. Upstarts large addressable market, high volumes, and improved conversion rate augur well for growth. Investors should closely monitor the concentration, as it would be concerning if the concentration does not improve next year. Find out why Upstart Holdings, Inc. is one of the 10 best stocks to buy now, Our award-winning analyst team has spent more than a decade beating the market. By Chris Neiger - Oct 18, 2022 at 10:56AM Key Points The latest earnings reports from banks have investors returning to stocks again. But this bull run soon came to an end, and the stock currently sits (11 May) at $33.61. Do Not Sell My Personal Information (CA Residents Only). UPST is positioned to grow in the auto market courtesy of its acquisition of Prodigy, which is rapidly growing and setting the company up for a strong 2022, when it will have a full year of processing auto loans. Skip to content. Upstart Holdings (UPST) is an artificial intelligence (AI) lending platform looking to disrupt traditional credit-score lending models. Given the strong current net margins, I expect my 30% long term net margin assumption to be reasonable if not conservative. The Motley Fool->. panida wijitpanya/iStock via Getty Images. Note that price predictions can be wrong, and shouldnt be used as a substitute to your own research. Conducting operations with non-deliverable over-the-counter instruments, does not entail the transfer of ownership and other rights to the underlying assets, is a risky activity and can bring not only profit but also losses. The company is grappling with the consequences of tightening monetary policy. Wallet Investors longer term algorithm-based forecasts suggested that the Upstart share price could reach $128.95 by May 2023, rising to $274.80 by May 2027. According to data from MarketBeat, Upstart stock had three 'buy' recommendations, eight 'hold' and two 'sell'.. With the valuation reset, the stock is priced for strong returns over the coming years. For the third quarter of 2022, Upstart expects: Revenue of approximately $170 million Contribution Margin of approximately 59% Net Income of approximately $ (42) million Adjusted Net Income of approximately $ (9) million Adjusted EBITDA of approximately $0 Basic Weighted-Average Share Count of approximately 81.8 million shares I rate the stock a strong buy with substantial upside over the coming years. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*. and part of that was due to the modest increase to guidance in the latest quarter. Last year's revenue was $848 million. Investors can be spooked when executives sell shares in their company, fearing that it spells bad news ahead. If you are already an Upstart shareholder, hang on. For Upstart's earnings, analysts expect revenue of $169.42 million and an EPS loss of 8 cents. There are many reasons to love Upstart. MULN Stock Alert: Did Mullen Automotive Just Score Its Second GM Veteran? But the opportunity is still wide open. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2022, Nasdaq, Inc. All Rights Reserved. The company reported revenue of $310m, up 156% from $121m in the prior-year quarter. As of 11 May 2022, analysts rated Upstart stock a consensus hold. High US inflation is increasing the cost of living and this looks set to be coupled with sustained interest rate hikes. Always perform your own due diligence before investing. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. As of 11 May 2022, analysts rated Upstart (UPST) stock a consensus hold. Management's expectations for 2022 are curbing some enthusiasm as well. All rights reserved. Written by The sequential decline in contribution margin did not prevent the company from generating impressive bottom line profitability of $29.1 million in GAAP net income, for a net margin of 13%. Upstart Holdings (NASDAQ: UPST) made a splash in 2021, entering the markets in December 2020 to a mild start before climbing more than 750% by October 2021. The minimum target price for Upstart Holdings analysts is $ 26.17. Amid a more hostile macroeconomic climate, whats next for the Upstart Holdings (UPST) stock forecast? If you rely on the information on this page then you do so entirely on your own risk. Upstart (NASDAQ:UPST) has seen intense volatility amidst the recent rout in tech stocks. Use the training services of our company to understand the risks before you start operations. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Eddie Pan specializes in institutional investments and insider activity. For starters, many think that interest rates may rise due to the Federal Reserves call for three rate hikes next year. Copy and paste multiple symbols separated by spaces. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. 2022, Nasdaq, Inc. All Rights Reserved. The material provided on this website is for information purposes only and should not be understood as an investment advice. Past profits do not guarantee future profits, is a risky activity and can bring not only profit but also losses. My portfolio includes over 20 stocks that I think will absolutely crush the market over the next decade. UPST is currently tackling the $81 billion personal loan origination market, but has its sights set on even greener pastures like auto loan originations, which has a $672 billion addressable market. Disclosure: I/we have a beneficial long position in the shares of UPST either through stock ownership, options, or other derivatives. Why UPST stock is down today? Its worth noting that Upstarts top-line growth rate slowed in Q3 on a quarter-over-quarter basis (18% in Q3 versus 60% in Q2). This combination could leave Upstarts (UPST) customers struggling to meet repayments. I am not receiving compensation for it (other than from Seeking Alpha). MMAT Stock Alert: What Do New Partnerships Mean for Meta Materials? UPST is currently trading in the 40-50% percentile range relative to its historical Stock Score levels. In an earnings call, Girouard acknowledged the challenging macroeconomic climate facing the company, stating that its become apparent that 2022 is shaping up to be a challenging one for the economy and for the financial services industry in particular. A year ago, the company reported revenue of $228 million and EPS of 30 cents. Stock Price Forecast The 13 analysts offering 12-month price forecasts for Upstart Holdings Inc have a median target of 23.00, with a high estimate of 37.00 and a low estimate of 14.00. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. The company is solidly profitable and still growing at a triple digit rate. I wrote this article myself, and it expresses my own opinions. The stock entered a bear run in November 2021, triggered by mixed third-quarter results. Looking for a portfolio of ideas like this one? But per sell-side consensus, revenue is expected to come in at between $1.13 billion and $1.36 billion in 2022. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Forecasts shouldnt be used as a substitute for your own research. Analysts at Stephens downgraded Upstart to an underweight rating, and issued a $28 price target a 63% downside on the report date share price.

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