Upstock Holdings is expected to release its Q3 2022 earnings report on 8th November 2022. With the earnings release date to come, analysts have forecasted the data around UPST stock. The lending services provider has had notable performance in the previous month including some crucial partnerships.
Upstock (UPST) serves as a lending platform based on artificial intelligence which partners with financial institutions like banks and credit unions. The firm avails loans to customers through non traditional mediums. It holds an overall market cap of approx 1.9 billion USD while revenue of 1.04 billion USD.
Consistent Fluctuations in UPST Stock
Despite considerable performance and significant financials, UPST stock price has witnessed trembles in the long term, short term performance is relatively better though. Currently UPST stock is trading at 23.18 USD with a slight drop of 2.11% from yesterday.
source – Trading View
In a month’s time frame, UPST stock price has seen a surge of more than 12% but it is down by over 72% and 93% in the last six months and one year time frame respectively.
Analysts Keeping Hopes with UPST Stock Price
However the ups and downs in UPST stock does not seem to affect general optimism around the stock price. TradingView analysts forecasted the price to go as high as 37 USD while setting a lower slab of 14 USD for the upcoming year with an average price of 24.8 USD.
Investing.com analysts put the price target for UPST stock 31.49 USD with stock rating of “neutral”. TipRanks analysts estimate the price target of 24.45 USD with a consensus rating of “moderate sell”—after six analysts rating it to sell, five to “hold” and one to “buy”. While MarketBeat puts the price target at 64.31 USD with a stock rating of “hold”.
Earning per share (EPS) for UPST stock is expected to remain lower than the last quarter’s earnings release. Zacks Investment Research expected Q3 2022 EPS to remain around -0.45 USD. For the last two releases, there was a disparity between estimated and reported EPS. In Q1 2022 earnings release it remained -0.36 USD while for Q2 2022 it was reported 0.34 USD.
Recent Developments Around Upstart Holdings
California based lending services provider recently reported to announce partnership of Upstart Auto Retail’s certification with Honda Digital Solutions (HDS). Following the partnership, Upstart Auto Retail will act as a solution provider of HDS Digital Retailing. Modern car buying software of the former is said to be available to dealers and customers of Honda across all over the country.
Recently Upstart also announced the offering of personal loans in the Kentucky region. This came in the wake of the company’s partnership with Commonwealth Credit Union as part of their Upstart Referral Network.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2022/11/01/recent-upstart-holdings-partnerships-likely-to-impact-upst-stock-price/