UPST - What's Going On With Upstart Stock? | Benzinga
Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading higher Thursday. The stock is rebounding after falling following the company's first-quarter financial report on Tuesday.
What To Know:
Upstart reported a quarterly loss of 31 cents per share which beat the analyst consensus estimate of a loss of 39 cents. The company also beat analysts' expectations with quarterly sales of $128 million, representing a 24.36% increase in sales from the same period last year.
However, the company said it expects second-quarter revenue of approximately $125 million, below the consensus estimate of $140.83 million.
Multiple analysts updated their price targets on Upstart after the print:
- Mizuho analyst Dan Dolev maintained an Underperform rating and lowered the price target from $23 to $17.
- Wedbush reiterated its Underperform rating and $10 price target on Upstart.
- Needham reiterated its Hold rating ...