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Upstart

UPSTART HOLDINGS Short Trade in Motion! Awaiting Profit TargetsTechnical Analysis: Upstart Holdings – 15-Minute Timeframe (Short Trade) A clear short trade entry was identified at 51.67 for Upstart Holdings. The price is currently moving in the anticipated direction, and we are waiting for the profit targets to be hit. Key Levels Entry: 51.67 – The short position was initiated after identifying strong bearish momentum. Stop-Loss (SL): 54.54 – Positioned above resistance to manage risk and protect against potential reversals. Take Profit 1 (TP1): 48.13 – The first target we are eyeing as the bearish trend unfolds. Take Profit 2 (TP2): 42.41 – A further downside target as selling pressure increases. Take Profit 3 (TP3): 36.68 – If the bearish momentum remains strong, this is a possible next target. Take Profit 4 (TP4): 33.14 – The ultimate target, signaling a significant downward move. Trend Analysis The price is trading below the Risological Dotted trendline, confirming a solid downtrend. With the entry in place, we are now waiting for the price to reach TP1 at 48.13 and beyond, depending on further momentum. The short trade on Upstart Holdings has a promising setup with a clear entry at 51.67. We are now monitoring the trade as it approaches the first target, expecting further downside momentum.
NASDAQ:UPSTShort
by ProfitsNinja
2
Upstart Holdings Inc. Announce Convertible Senior Notes OfferingUpstart Holdings, Inc. (NASDAQ: UPST) recently made headlines with the announcement of a $300 million private offering of Convertible Senior Notes due 2029, with an additional $45 million option granted to initial purchasers. This comes at a pivotal time as Upstart (NASDAQ: NASDAQ:UPST ) aims to use a portion of the proceeds for general corporate purposes and repurchase part of its outstanding 0.25% Convertible Senior Notes due 2026. The notes, senior and unsecured, bear interest and are convertible into cash, shares of Upstart's common stock, or a combination thereof, at Upstart's discretion. The company also announced the intention to use the net proceeds to enter into capped call transactions, offsetting potential dilution in stock value. As this activity ramps up, analysts are closely watching the movement of NASDAQ:UPST , particularly its recent price action and trading indicators. Technical Outlook From a technical perspective, NASDAQ:UPST stock has been facing some headwinds. The stock is currently down 4.65% in Monday's session, a notable dip following the news. However, despite this downturn, there are some encouraging signs on the horizon. 1. RSI at 57: The Relative Strength Index (RSI) shows the stock is not yet oversold, hovering around 57. This indicates that, despite the price dip, there is still potential for upward momentum, especially if the stock enters oversold territory (below 30 on the RSI). 2. Moving Averages: NASDAQ:UPST remains above its key moving averages, offering a glimpse of support levels that could serve as a cushion against further drops. These technical levels suggest that the stock has not yet hit a bottom, but there may be opportunities for bullish investors looking to re-enter at a favorable price point. 3. Volume: Trading volume is likely to increase as the market reacts to the offering news and convertible note transactions. Historically, NASDAQ:UPST has seen higher volatility around such announcements, which could lead to short-term price swings before settling into a more stable trading range. Further Explaining The convertible senior notes offering shows Upstart’s focus on long-term strategic funding. The company plans to use part of the proceeds for general corporate purposes and to pay for capped call transactions, which are designed to reduce potential dilution in common stock upon note conversion. Upstart's leadership in AI-driven lending and its continuous efforts to innovate in financial services support its potential for long-term growth. However, in the near term, the market will be watching closely how the convertible note offering plays out and whether Upstart (NASDAQ: NASDAQ:UPST ) can maintain its momentum amidst potential stock dilution concerns. The company has proven itself capable of raising capital in challenging environments, and this offering could set the stage for future innovation and growth. Investor Consideration For investors, the convertible note offering provides an intriguing angle. Those looking for high-risk, high-reward plays might find value in NASDAQ:UPST , as the stock is trading above key support levels. However, the stock's volatility and recent dip serve as a cautionary signal. It's also worth noting that while the RSI remains hopeful, investors should watch closely for any further breakdowns in price, which could signal more bearish momentum. As Upstart (NASDAQ: NASDAQ:UPST ) continues to innovate with AI-powered lending and shifts in its debt structure, the stock will likely experience fluctuations. A long-term bullish outlook might remain intact if the company successfully manages this capital raise and the accompanying capped call transactions. In conclusion, Upstart (NASDAQ: NASDAQ:UPST ) offers an intriguing mix of short-term uncertainty and long-term potential, particularly with its convertible note offering and strategic maneuvers in the financial sector. Investors should weigh these factors carefully while considering their positions in the stock.
NASDAQ:UPST
by DEXWireNews
Upstart Holdings Surge Over 45% After Q2 Earnings Beat EstimatesUpstart Holdings Inc. (NASDAQ: NASDAQ:UPST ) has stunned investors and analysts alike with its recent financial performance, propelling its stock price to soar over 45% following the release of its second-quarter earnings report. This dramatic rise highlights a renewed confidence in the AI-driven lending platform, as the company showcases resilience and potential in a challenging economic landscape. Q2 Earnings: A Remarkable Turnaround Upstart (NASDAQ: NASDAQ:UPST ) reported a Non-GAAP EPS of -$0.17, surpassing expectations by $0.22, and revenue of $128 million, exceeding forecasts by $3.47 million. Despite a year-over-year revenue decline of 5.7%, these figures represent a significant improvement over analyst predictions. The company achieved a transaction volume of 143,900 loans, boasting a robust conversion rate of 15%, up from the previous year. However, the financial report wasn't all positive. Upstart's net income loss widened to $54.5 million from $28.2 million in the same quarter the previous year. Despite these challenges, the company's contribution profit stood at $76.1 million, with a contribution margin of 58%, painting a mixed yet promising picture of its operational health. Analyst Upgrades and Market Reaction The earnings beat has led to a substantial shift in analyst perceptions. Citi upgraded Upstart from ‘Sell/High Risk’ to ‘Neutral/High Risk,’ raising their price target from $15 to $33. Piper Sandler maintained a ‘Neutral’ rating but increased their price target to $31 from $28. These upgrades reflect an improved outlook based on enhanced conversion ratios and a reduced impact of macroeconomic variables on credit losses. Investors responded enthusiastically, with Upstart shares (NASDAQ: NASDAQ:UPST ) surging over 25% at market opening and continuing to climb, currently trading up over 45%. This rapid increase demonstrates the market's renewed optimism towards Upstart's future prospects. AI Advancements and Strategic Outlook CEO Dave Girouard attributed the strong performance to significant advancements in Upstart’s AI model and operational efficiencies. The company's AI-driven lending platform continues to attract and retain lending partners, a crucial component of its business model that leverages technology to streamline the personal loan process. Upstart (NASDAQ: NASDAQ:UPST ) has provided an optimistic financial outlook for Q3, projecting revenues of around $150 million, against a consensus of $135.33 million. This projection is supported by anticipated revenue from fees and an expected positive EBITDA in the fourth quarter, signaling confidence in sustained revenue growth and potential profitability. Market and Economic Context The positive performance comes amidst a backdrop of mixed economic indicators and a challenging macroeconomic environment. The Upstart Macro Index, which estimates macroeconomic impacts on credit losses, alongside analyst commentary, suggests cautious optimism but highlights the need for sustained positive trends before a more bullish outlook can be confidently established. Valuation and Long-Term Prospects Despite the promising outlook, some analysts have expressed valuation concerns, particularly highlighting the company’s high EBITDA multiple and substantial debt levels. Upstart’s focus on integrating AI for more precise risk assessments and better loan terms showcases its pioneering role in transforming the lending industry. However, the ongoing need to manage debt and navigate a fluctuating economic landscape poses significant challenges that could impact its long-term growth trajectory and market position. Technical Analysis and Future Trajectory From a technical perspective, Upstart's stock has experienced extreme volatility since its IPO in December 2020, surging above $400 before crashing and losing over 95% of its value by early 2023. The stock has shown resilience, finding support near the $20.60 level and resistance above $37. As the stock continues its rapid surge, investors should monitor its behavior around the $35.1 level, the 61.8% Fibonacci retracement from previous swings, and its medium-term resistance above $37. A weekly close above these levels could signal a new uptrend and provide a safer entry point for fresh long positions. Conversely, a failure to break through these resistances could see the stock fall back to the $21 level. Conclusion Upstart Holdings’ impressive Q2 performance and subsequent stock surge underscore its potential as a transformative player in the fintech sector. While challenges remain, particularly around valuation and economic conditions, the company’s advancements in AI and strong market positioning suggest a promising future. Investors should stay vigilant, monitoring key technical levels and broader market trends to navigate this volatile yet potentially rewarding stock.
NASDAQ:UPSTLong
by DEXWireNews
Upstart Holdings, Inc. Announced Financial Result for Q1 2024Upstart Holdings, Inc., ( NASDAQ:UPST ) the leading AI lending marketplace, has announced its financial results for the first quarter of fiscal year 2024 ended March 31, 2024. The company reported a 24% increase in revenue to $128 million, while total fee revenue increased 18% year-over-year. Transaction volume and conversion rate reached $1.1 billion across the platform, up 13% from the previous year. Income from operations was $67.5 million, up from $131.8 million in the same quarter. Net income and EPS increased by 64.6% and 27.2%, respectively. Contribution profit reached $81.1 million in Q1, up 20% year-over-year, with a contribution margin of 59%. Adjusted EBITDA was $20.3 million, up from $31.1 million in Q1 2021. Upstart ( NASDAQ:UPST ) expects revenue of approximately $125 million in Q2, revenue from fees of around $135 million, net interest income of $10 million, contribution margin of 56%, net income of $75 million, adjusted net income of 36 million, and adjusted EBITDA of $25 million. For the second half of 2024, Upstart ( NASDAQ:UPST ) expects revenue from fees of $300 million, and positive EBITDA in the fourth quarter. The company has not reconciled forward-looking non-GAAP measures to comparable GAAP measures due to potential variability and uncertainty in future costs and expenses. Key operating metrics and non-GAAP financial measures are described in the section titled "Key Operating Metrics" below. Reconciliations of non-GAAP financial measures to the most directly comparable financial results as determined in accordance with GAAP are included at the end of this press release following the accompanying financial data. Upstart ( NASDAQ:UPST ), an AI-powered lending platform, has been a key player in the market for loans, with the total addressable market (TAM) for annual loan originations reaching $3 trillion. The company's executives have expressed optimism about the future of the company, citing growing consumption and flat personal income rates as driving the need for lending solutions like Upstart's. They anticipate a return to sequential growth in the second half of the year and positive EBITDA by the end of the year, even in the current credit environment. Upstart's ( NASDAQ:UPST ) earnings beat Wall Street expectations, but its forecast for the current quarter came up short compared to market sentiment. The company reported that 90% of loans were fully automated, and 91% of automated approvals converted to funded loans, which is 3x the conversion rate of non-automated loans. Average loan size was down due to robust growth in smaller dollar loans. Upstart's ( NASDAQ:UPST ) revenue rose to $128 million, beating both Wall Street estimates and the company's own. The company's AI and machine learning lending solutions are powered by more than 1,600 variables, with models trained on over 65 million repayment events and adding an average of 82,000 new repayments each business day. With Upstart's AI lending marketplace, the company claims that lenders can approve more borrowers at lower APRs while simultaneously delivering a digital-first experience customers demand. Technical Outlook Despite beating world street expectations Upstart stock ( NASDAQ:UPST ) is down 5.56% with a Relative Strength Index (RSI) of 45.95 trading below the 200-day Moving Average (MA).
NASDAQ:UPST
by DEXWireNews
1
Navigating the Peaks and Valleys of Upstart Amidst Q4 FY2023Upstart (NASDAQ: NASDAQ:UPST ) Aims to revolutionize the lending industry through the power of artificial intelligence, Upstart ( NASDAQ:UPST ) has garnered attention from both investors and industry insiders alike. However, its recent Q4 FY2023 earnings report has sparked a flurry of discussion and analysis, leaving investors pondering the next move. Let's delve into the depths of Upstart's performance and decipher the signals it sends to prospective investors. Beating Expectations, Yet Missing the Mark Upstart's Q4 FY2023 results undoubtedly showcased strength in certain areas. Surpassing Wall Street analysts' revenue projections by 3.7%, the company demonstrated resilience amidst a challenging economic backdrop. Moreover, the improvement in non-GAAP earnings per share (EPS) from a loss of $0.25 to -$0.11 year-on-year signifies a concerted effort towards profitability. However, the euphoria of surpassing revenue expectations was short-lived as attention turned towards the underwhelming quarterly guidance for Q1 2024. With projected revenue of $125 million, significantly below analyst estimates of $151.3 million, Upstart ( NASDAQ:UPST ) faces a daunting challenge ahead. The divergence between actual performance and projected outlook raises pertinent questions about the company's growth trajectory and ability to navigate the competitive fintech landscape. Deciphering the Decline in Revenue and Its Implications A closer examination of Upstart's ( NASDAQ:UPST ) revenue trajectory unveils a concerning trend. Over the past two years, the company has experienced a notable decline in revenue, plummeting from $304.8 million in Q4 FY2021 to $140.3 million in the latest quarter. While fluctuations in revenue are not uncommon in the fintech sphere, the magnitude of Upstart's decline warrants scrutiny. Several factors may contribute to this decline, including increased competition, evolving consumer preferences, and regulatory challenges. As the lending landscape continues to evolve, Upstart ( NASDAQ:UPST ) must adapt its strategies to remain competitive and capture market share effectively. Balancing Innovation with Prudence: The Path Forward for Upstart Amidst the turbulence of Q4 FY2023 earnings, Upstart ( NASDAQ:UPST ) finds itself at a crossroads. The company's innovative AI-powered lending platform has garnered praise for its ability to assess credit risk effectively and expand access to credit. However, sustaining growth and profitability in a fiercely competitive environment requires more than just technological prowess. Upstart ( NASDAQ:UPST ) must strike a delicate balance between innovation and prudence, leveraging its technological capabilities while maintaining a disciplined approach to financial management. This entails optimizing operational efficiencies, diversifying revenue streams, and enhancing customer engagement initiatives. Furthermore, transparent communication with investors is paramount in fostering trust and confidence amidst uncertainty. By providing clarity on strategic priorities, growth prospects, and risk mitigation strategies, Upstart ( NASDAQ:UPST ) can mitigate concerns and instill optimism among stakeholders. Conclusion: As investors weigh the implications of Upstart's Q4 FY2023 earnings, one thing remains clear: uncertainty looms large in the fintech landscape. While the company faces challenges on multiple fronts, including declining revenue and underwhelming guidance, opportunities for growth and innovation abound. By embracing resilience and adaptability, Upstart can chart a course towards sustainable growth and long-term value creation. Through strategic investments in technology, talent, and market expansion, the company can solidify its position as a leading player in the fintech ecosystem. As the dust settles on Q4 FY2023 earnings, investors must approach Upstart with a discerning eye, recognizing both its potential and its pitfalls. In navigating the peaks and valleys of Upstart's journey, informed decision-making and a steadfast commitment to long-term value creation will be the guiding principles for investors seeking to capitalize on the promise of fintech innovation.
NASDAQ:UPST
by DEXWireNews
UpstartHoldings' stock has reached its low point in January 2022UpstartHoldings' stock has reached its low point in January 2022 This chart shows the weekly candle chart of UpstartHoldings' stocks in the past six months. The graph overlays the recent bottom-up golden section. As shown in the figure, the recent high point of UpstartHoldings' stock has reached its low point in January 2022, but it has not given it the 2.382 gold split in the figure! The stocks of UpstartHoldings are currently in the second small band of accelerated growth after a double dip, and there is still a lot of upside space in the later stage! In the future, it is likely to continue to strengthen after retreating from the 1.382 position of the golden section in the chart!
NASDAQ:UPST
by Think_More
This AI Startup has lots of potential!Upstart is a Loan Provider that uses AI to automate the Process of giving out Loans, this reduces the costs drastically, so they are much cheaper and a lot more profitable . The Stock went from 400 Dollars to only 10 Dollars, but the AI-Hype pushed the Stock back up to 70 Dollars. Upstart has risen 600% in the last 3 months! The Stock formed a rising Channel but broke down a few days ago and is now retesting the Parabolic Curve. If Upstart goes below the Curve it will probably go down to a Range between 20-30 Dollars . On August 8th the Quarter Results will be published and they will probably be negative. I will update you! Have a nice Day!
NASDAQ:UPSTShort
by HenrikDaCrypto
UPST to $30! Major Market Wipeout coming.. Look out!UPST or UPSTART is still extremely bearish. Today we are looking at UPST on the Monthly Chart. Previously we offered a quick short day trade opportunity that worked out amazing. See related ideas. However today we want to take a look at the MACRO picture of the stock. Most Notable we made a higher high on LESS Volume or Participation. This is an indication for us that the market is possibly looking to reverse. Secondly we consolidated and broke down from key structure int he 150 range. in Face we formed a Bearish Flag As we evaluate Structure. We are estimating a 80% minimum drop from the high of the corrective move. Doing so would get us into the $30 range on UPST. Much like most of the market and cryptocurrencies we just see big bearish patterns and indicators everywhere. Not only do we thing the bottom is NOT in.. we think the selling has really just begun.
NASDAQ:UPSTShort
by Thecontrariandaily
9
$UPST NOT LOOKING GOOD. FURTHER DOWNSIDE POTENTIAL🔸️Ticker Symbol: $UPST 🔸️Timeframe: 4 Hour 🔸️4X Bear Pattern 🔸️Investment Stratey: Short TECHNICAL ANALYSIS: Upstart after having a massive rally earlier in the year has been beaten down month after month. We are currently trading in a bear regression trend, our money momentum is shifting out of the market and we have a red EMA crossover to the downside. I do think we could potentially see a further push lower to around the $31 level and even possibly $28. 4X 🟢 Bull Pattern Confirmation Requirements ✅️ Linear Regression Indicator Increasing ✅️ Money Momentum Shifting Higher ✅️ Green Dot: Key EMA Crossover to Upside ✅️ Green Middle Band: Bull Market Momentum 4X 🔴 Bear Pattern Confirmation Requirements 🔻 Linear Regression Indicator Declining 🔻 Money Momentum Shifting Lower 🔻 Red Dot: Key EMA Crossover To Downside 🔻 Red Middle Band: Bear Market Momentum 🔔 Follow for daily stock, crypto and forex technical analysis. ⚠️ Trading is risky and I understand nothing is guaranteed. Proper risk management should be in place at all times to minimize losses. Please consult a financial advisor before trading. All Inclusive Trading LLC is not a financial advisor and may not be held liable for any losses which may occur.
NASDAQ:UPSTShort
by TrendsiTrades
Redemption I played this long into earnings in a post back then I had target over 100 (green boxes back around earnings), risk to 35 (red box where it has been trading post earnings). I noted I was hedging the ER and that worked out but I was completely wrong thinking the play was long. Well now UPST shorts are in trouble with a close over 36 it should see explosive upside off the recently formed Navarro 200 harmonic to pt 1 55, pt2 69.. I'd expect continuation if it makes it makes it to pt2. We have seen what UPST is capable of when the ball gets rolling. The explosive upside from here will begin this week when RSI crosses above its moving average, RSI crosses have captured its performance since IPO better than any other indicator and on average UPST has a 64% upside move following RSI cross above. 64% here is approx. pt1 (this is also the 1.00 of the harmonic, pt 2 is the 1.618 and the gap fill.. so decent confluence pointing to these levels). .
NASDAQ:UPSTLong
by JerryManders
4
$UPST Gap fill or sub 20Upstart - not really sure what they do ;0 - but the stock is up 15% today so someone is buying here Bull case - Nice close above 10day MA , is a start to possible upleg for the 76.23 gap fill , currently trading around $50 implying a $26 dollar move. Bear case - a new high is not made and upon rejection lower lows targeting $20 zone or less, implying around a -30$ move With the giant gap above I think it's important to remember supply and demand here - most holders who didn't sell are sitting higher above (supply), seeing their ticker have +15% days is very promising! As such they are holding (bag holders), until break even at least or more, hence there will be heavy supply once ticker gets to this zone but not much until then, for those people already sold. And now we have demand/ buyers with bottom fishing who are currently up depending on entry. They will sell along the way causing dips, however many who bought in 30's and even 40's are green and holding for more. Hence under the above, Demand should outweigh supply until gap fill zone... Trade idea for bull case - Calls are expensive and I want time here, so JUL 60/80 debit spread, as given the supply area will most likely IMO overwhelm demand after gap fill . Trade idea for bear case - bear call spreads for less risk or naked puts a few months out with $37 being first target. My bias is to the upside Cheers
NASDAQ:UPSTLong
by FriscoTrades
Upstart | UPST | Gap-Fill BelowUpstart Holdings ( NASDAQ:UPST ) is likely to *eventually* fill the gap below (between $62.26 and $75.15) and may go for $45 (or lower). Insiders have dumped almost $1.8 billion shares since it entered the market. Is now a good time to enter? That's a hard call. There is a small gap just above the current price that may want to be filled and it could go for resistance again. However, this will likely follow the market moves. If plays start skyrocketing, it'll likely go with the flow. But, if the indexes tank further, I expect this to be right behind. NASDAQ:UPST has a 72 million float with a 14% short interest (as of March 15, 2022), so careful of a squeeze down the road if the indexes reverse. Otherwise, in the longer-run, I anticipate the gap below to be filled at a minimum.
NASDAQ:UPSTShort
by NicksAnalysis
3
Start her up...This has the setup to really go, point target = 155 by May 20 (the yellow highlighted date that is covered up (oops) is 5/20). - target range is 130s to 160s by May 11 - early June, depending on if the price can keep up with time! - initial/moderate target is 114, which is a statistical adj. target, I'll likely play calls with this as goal target by May 20 (and if I get more, i.e. 130-160, that's great) - if it falls out of fan off the recent low I'd expect a test of around 64 and would re-eval from there. Need to see how it reacts with market post-FOMC, plenty of upside to be patient here. Some aspects to note on the side/apart from chart: - Very heavily shorted this could easily squeeze to target but they need to deliver on this upcoming report - Irregularly bullish options activity spotted recently with up to $900K sweeps at strikes ranging from 90.00-150.00 Please provide any feedback, especially related to Gann (this is my first Gann idea so any criticism welcomed... Best, Bard's Apprentice
NASDAQ:UPSTLong
by JerryManders