Upstart Holdings Inc. ($UPST) Stock Forecast: Down 6.5% Today

What is Upstart Holdings Inc.?

Asset Upstart Holdings (NASDAQ: UPST) is a fintech company that utilizes artificial intelligence to streamline the lending process, offering personal loans, auto loans, and various financial products.

Why is Upstart Holdings Inc. going down?

UPST stock is down 6.5% on Dec 2, 2024 18:21

• The decline in UPST today may be linked to an analyst's downgrade, causing a bearish sentiment among investors.
• Options trading data indicating a negative stance from well-financed investors likely added to the selling pressure on UPST shares.
• The favorable forecast for SoFi Technologies (NASDAQ: SOFI) as a potential leader in fintech, labeled as the 'American Express' of the industry by the same analyst, potentially diverted attention from UPST and impacted its stock price negatively.

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This Analyst Downgrades Upstart But Says SoFi Tech Could Become 'American Express' Of Fintech - LendingClub ( NYSE:LC ) , SoFi Techs ( NASDAQ:SOFI ) , Upstart Hldgs ( NASDAQ:UPST )

JP Morgan analyst Reginald L. Smith noted that 2024 was a tale of two halves for fintech stocks. After a lagging start to the year, the aggregate market cap of the analyst's fintech coverage universe has increased more than $65 billion since mid-September, fueled by cheerful calendar ...

https://www.benzinga.com/24/12/42272073/sofi-tech-could-become-american-express-of-fintech-analyst-says

Upstart Hldgs Options Trading: A Deep Dive into Market Sentiment - Upstart Hldgs ( NASDAQ:UPST )

Deep-pocketed investors have adopted a bearish approach towards Upstart Hldgs UPST, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today.

https://www.benzinga.com/insights/options/24/11/42194276/upstart-hldgs-options-trading-a-deep-dive-into-market-sentiment

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Upstart Holdings Inc. Price History

02.11.2024 - UPST Stock was down 6.5%

• The decline in UPST today may be linked to an analyst's downgrade, causing a bearish sentiment among investors.
• Options trading data indicating a negative stance from well-financed investors likely added to the selling pressure on UPST shares.
• The favorable forecast for SoFi Technologies (NASDAQ: SOFI) as a potential leader in fintech, labeled as the 'American Express' of the industry by the same analyst, potentially diverted attention from UPST and impacted its stock price negatively.

02.11.2024 - UPST Stock was down 5.1%

• Deep-pocketed investors have shown a bearish stance towards UPST, reflected in a notable shift in options trading.
• Potential drivers of this bearish sentiment include concerns about the company's growth prospects and market conditions.
• The negative market sentiment may also be affected by broader economic factors impacting the technology sector.
• Investors are advised to monitor ongoing developments to evaluate the potential continuation of this bearish trend or a shift in sentiment.

08.10.2024 - UPST Stock was up 41.2%

• The company received a rating upgrade from a prominent analyst, likely instilling confidence among investors.
• Upstart Holdings, Inc. exceeded third-quarter financial expectations, surpassing analyst forecasts for quarterly losses per share. This favorable earnings report likely contributed to the positive stock movement.
• The company's robust Q3 performance, coupled with revenue estimates that outperformed projections, may have enticed more investors to buy the stock, consequently driving up its price.
• Despite industry apprehensions regarding potential stock declines, Upstart's strong financial results and favorable analyst assessments positioned it favorably, leading to an uptick in its stock value.

08.10.2024 - UPST Stock was up 46.6%

• Upstart's stock experienced a notable uptrend today following an upgrade from a well-known analyst, which included a higher price target and highlighted the company's innovative lending process driving revenue growth.
• Upstart exceeded expectations in its third-quarter financial results, surpassing the anticipated losses per share, which positively influenced market sentiment.
• Despite the mention of potential risks for financial sectors, Upstart's strong earnings report and analyst upgrades took precedence, leading to a significant rise in the stock value.
• Overall, the market reacted favorably to Upstart's recent performance, showcasing investor confidence in the company's trajectory and unique lending strategies.

18.10.2024 - UPST Stock was up 6.6%

• Significant trades in publicly available options history suggest that large investors, potentially institutions or affluent individuals, have adopted a bullish stance on UPST.
• The heightened bullish activity from these investors indicates a possible increase in confidence regarding UPST's business model and future potential.
• The strong bullish movement in UPST's stock price today may be influenced by the optimistic sentiment from prominent investors.

31.09.2024 - UPST Stock was down 5.4%

• Despite market fluctuations, Upstart Holdings, Inc. closed slightly higher, indicating resilience in uncertain market conditions.
• The decline in UPST's stock today may be due to investors taking profits following a recent uptick in the stock price.
• Market volatility may have affected sentiment, leading to selling pressure on UPST as investors adjusted their holdings.
• Some investors may be exercising caution regarding the company's future prospects, resulting in sell-offs of UPST shares.

14.09.2024 - UPST Stock was up 10.1%

• Following an analyst upgrade, Upstart Holdings observed a notable increase in its stock price, with the rating lifted from Underperform to Neutral, and the price target raised from $10 to $45.
• Despite its strong performance in the past six months, there are apprehensions regarding its premium valuation potentially capping further gains in the immediate future.
• The optimistic stock movement is credited to the positive outlook stemming from the analyst upgrade, reflecting confidence in Upstart's business model and growth opportunities within the fintech industry.
• Investors are attentively observing how Upstart will utilize advancements in AI and potential future rate adjustments to propel its business growth, carefully balancing the positive sentiment with reservations about its valuation.

11.10.2024 - UPST Stock was up 5.7%

• The stock of Upstart saw a substantial bullish movement recently.
• Notable analyst endorsements from BTIG and Piper Sandler emphasized the enhanced lending landscape and potential revenue growth, influencing market sentiment positively.
• Upstart's third-quarter financial results surpassed expectations, demonstrating lower losses per share than predicted, which buoyed investor confidence.
• The favorable analyst sentiment and robust financial performance likely propelled the significant uptick in Upstart's stock price.

15.09.2024 - UPST Stock was up 8.6%

• The unusual options activity indicating a bearish approach towards Upstart Holdings might have been overshadowed by the positive analyst update and price target increase, leading to increased investor confidence and buying pressure on the stock.
• The analyst upgrade from Underperform to Neutral, along with the significant price target raise, likely contributed to the surge in Upstart Holdings' stock price as investors reacted positively to the improved outlook for the company.
• Despite the stock rallying 114% in the past 6 months, concerns about its premium valuation and limited near-term upside potential may have been offset by the positive news today, driving further buying interest and pushing the stock higher.

23.09.2024 - UPST Stock was down 5.6%

• There was a prevalent bearish sentiment among options market participants towards UPST, potentially influencing the stock's decline.
• The more significant drop in Upstart Holdings' stock price compared to the general market suggests unique factors impacting its performance.
• While some noteworthy investors were optimistic about UPST, the prevailing market sentiment and trading behavior leaned towards a bearish stance today.

05.10.2024 - UPST Stock was up 5.5%

• A surge in options activity with a bearish stance may have triggered a short squeeze, causing UPST's stock price to rapidly rise.
• Anticipations of robust performance in Q3 earnings, propelled by new product launches and AI-driven credit risk assessment models, likely contributed to the upward movement.
• Despite a market downturn, UPST's resilience and positive momentum demonstrated its appeal to investors, resulting in the stock outperforming the market.

05.10.2024 - UPST Stock was up 5.0%

• UPST stock experienced a strong bullish movement, closing at $51.11 with a +1.37% increase from the previous day.
• Anticipation and positive sentiment surrounding UPST's Q3 earnings, focusing on innovative product launches and AI-driven credit risk assessment models, likely contributed to the stock's upward momentum.
• Investors seem optimistic about UPST's unique approach to consumer lending and the potential for strong revenue growth in the latest quarter, driving the stock higher despite broader market volatility.