Out Fox The $treet

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.  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  fintech has ended the downward spiral. My  investment thesis  is more Neutral on the stock following the big rally off the lows. Read the ...

After the close on Tuesday, LendingClub (LC) reported results that again disappointed the market. The stock is down about 7% to $3.35 providing an incredible value assuming the management team ever figures out how to impress the market with 20% growth.

LendingClub reported mixed Q2 results. The online lending platform made progress in reengaging investors that left after the founding CEO was forced out. The stock remains appealing below $5 as the platform rebuilds. For  LendingClub  (NYSE: LC ), the best hope on for  Q2 results  were some sort of stability that the company could build on going forward. The departure of the founding-CEO left the online lending marketplace on shaky ground. Read the full article at Seeking Alpha.  Disclosure: Long LC. Please review the disclaimer page for more details.