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Upstart: Turning The Corner (Rating Upgrade)

Update - July 25, 2023

The AI rage is full speed ahead with Upstart during the last month. This doesn't look like a peak due to the BTIG upgrade, but a shareholder should be looking for an exit point. 

Finviz Chart

Original article posted on May 11. 
  • Upstart made a huge step in rebounding from the downward spiral the lending platform had been going on over a year.
  • The fintech announced committed funding of $2+ billion crucial to a turnaround, but the company didn't provide any details.
  • UPST stock is reasonably valued here at 3.2x '23 sales estimates that require considerable 2H growth to hit targets.
Upstart Holdings (NASDAQ:UPST) signaled a key shift in their AI lending marketplace, making the business model far more appealing. The big question now is the details on the new committed lending partners, but at least the

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 

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