Upstart's Strong Q3 Results Could Fuel Stock Surge Amid High Short Interest

Shernice軒嬣 2000

Upstart delivered strong Q3 results, surpassing expectations across several key metrics.

32% short interest should act as a rocket fuel 🔥🔥

Piper Sandler has upgraded Upstart from Neutral to Overweight, raising the price target significantly from $31 to $85.

Breakout point: $72.6

Potentially imminent long-term multi-year rangebound breakout.

CEO Dave Girouard expressed confidence in Upstart’s progress, highlighting, "With 43% sequential growth in lending volume and a return to positive adjusted EBITDA, we are continually solidifying Upstart’s position as a fintech leader in artificial intelligence."

🔹 Revenue: $162.1M (Est. $150.4M) 🟢; UP +20% YoY

🔹 Fee Revenue: $167.6M; UP +14% YoY 🟢

🔹 Adjusted Loss per Share: -$0.06 (Est. -$0.14) 🟢

🔹 Contribution Profit: $102.4M (Est. $90.5M); UP +8.7% YoY🟢

🔹 Adjusted EBITDA: $1.41M (Est. -$5.59M) 🟢

$Upstart Holdings, Inc.(UPST)$

Modified in.11-08

Growth or Meme Stocks: Would You Choose Them in Bull Market?

After Trump’s election victory, U.S. stocks hit record highs. Many growth stocks, like Applovin, Upstart, and LYFT, saw single-day gains of over 20% after earnings reports. --------------- Do you think these excess gains indicate meme stock characteristics? Do you believe the current bull market will continue? Would you buy these stocks in a bull market?

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