With its stock down 96% from its peak close, Upstart is finally showing "incremental positives," though analysts say the company has a long journey...
With its stock down 96% from peak closing levels, Upstart Holdings Inc. is finally showing “incremental positives,” though analysts say the company still has a long recovery journey ahead of it.
Upstart’s battered shares UPST were getting a lift in Wednesday’s premarket action, up 35% after the company, which uses artificial intelligence to inform lending decisions, gave an upbeat outlook and indicated that it was making some progress with funding partners.“We applaud UPST’s ability to lock up $2B of new funding while existing lender partners remain conservative with their funding,” Barclays analyst Ramsey El-Assal wrote.
Piper Sandler’s Arvind Ramnani also highlighted the mix of opportunity and uncertainty stemming from the latest disclosures about new funding partners.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
96-year-old Tuskegee Airman passes away in West Los AngelesTuskegee Airman Henry D. Polite passed away on Monday at his home in West Los Angeles.
Read more »
MCPSS hosting second annual career fair Tuesday afternoonLast year, the school system hired 96 employees at its first-ever career fair
Read more »
Upstart stock soars as earnings outlook positively surprisesShares of Upstart were rocketing 27% in after-hours trading Tuesday after the financial-services company delivered an upbeat outlook for the current period.
Read more »
CTI BioPharma soars on deal news, while Upstart and Rivian climb after earningsCTI Biotech, Upstart, RingCentral, Twilio and H&R Block were among some of Wednesday's biggest moving stocks in premarket trading.
Read more »
I’m a bride who lost a best friend over my ‘no plus-ones’ rule — people say I’m insaneHer wedded bliss was ruined by a friendship diss: Breilein said bye-bye to a friend of nearly a decade after barring the woman from bringing her new man as a plus-one to her 96-person nuptials.
Read more »
AMC stock falls, APEs rise on stock conversion agreementAMC has been looking to resolve its proposed conversion of APE units into common stock.
Read more »