SOFI - Upstart Q1: Solid Value Proposition For Long-Term Investors
2024-05-11 23:55:44 ET
Summary
- Upstart Holdings' stock fell 6% after presenting Q1 financial results, but sales growth returned and a favorable change in fundamentals is expected.
- Sales in Q1 grew 24% YoY to $127.8 million, and fee-derived revenues increased 18% YoY to $138.1 million.
- Lower short-term interest rates are expected to benefit Upstart Holdings' AI lending business, and loan demand is set to grow.
The stock of Upstart Holdings, Inc. ( UPST ) tanked 6% after the fintech presented its financial results for the first quarter on May 7, 2024....
Upstart Q1: Solid Value Proposition For Long-Term Investors