$UPST (-0.46%) I am considering taking a position here. AI lending is an interesting trend for me. Has anyone other than me already looked at this stock? After the last figures, the share price exploded from EUR 45 on November 5 to EUR 83 on December 13, but has since fallen back to EUR 56.
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62As i Said a couple of weeks ago $UPST (-0.46%) is booming, and have projected to make profit from Q4 and in the future!
Hope you guys, bought a ticket!
$UPST (-0.46%) | Upstart Q3 Earnings Highlights:
🔹 Revenue: $162.1M (Est. $150.4M) 🟢; UP +20% YoY
🔹 Fee Revenue: $167.6M; UP +14% YoY
🔹 Adjusted Loss per Share: -$0.06 (Est. -$0.14) 🟢
🔹 Contribution Profit: $102.4M (Est. $90.5M) 🟢; UP +8.7% YoY
🔹 Adjusted EBITDA: $1.41M (Est. -$5.59M) 🟢
Transaction Metrics:
🔹 Transaction Volume: $1.6B; UP +30% YoY
🔹 Conversion Rate: 16.3% vs 9.5% YoY 🟢
CEO Dave Girouard's Commentary:
🔸 "Strong growth in lending volume and positive adjusted EBITDA signal our return to growth mode."
Outlook for Q4 2024:
🔹 Revenue: ~$180M
🔹 Adjusted EBITDA: ~$5M
$UPST (-0.46%) will soon be showing the Q3 results, what do you think is in store?
The Rates are going down, plenty of new partnerships, and a promise of being profitble in Q4!
Can $UPST (-0.46%) , reach just half of its previous all time highs? Or do you think it will Crash and burn with the Q3 result.
My Portfolio so far, been investing for 1,5 years now.
Planning to change into Dividend investing as soon at the total value, hits around the 350-400k mark.
what are your thoughts on this?
how do you approach your investing?
Thinking about adding $NU (+2.84%) and $ASML (+1.59%)
i do really think that $UPST (-0.46%) is going to skyrocket the next 2-3 years, and next bump up, being the cut coming next month.
#fintech - I found a nice overview here
Neobanking is forecast to grow at a compound annual growth rate of around 55% to $2 trillion by 2030 - Let's take a look at where fintech stocks stand based on 2025 metrics
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