Upstart Holdings Stock is Much More Than Just a Meme Play

82
4
Favorite

Upstart Holdings Stock is Much More Than Just a Meme Play

InvestorPlace2022-01-13

Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（4）

jctig88
·2022-01-13
Vested
Reply
1
Report
Residue
·2022-01-13
😊
Reply
4
Report
Andrina A
·2022-01-13
Ok
Reply
3
Report
FlyHighFly
·2022-01-13
Like please
Reply
2
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/1128975792?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-01-13 11:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1128975792","market":"us","top_or_hot":-1,"title":"Upstart Holdings Stock is Much More Than Just a Meme Play","media":"InvestorPlace","content":"<div>\n<p>Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the ...</p>\n\n<a href=\"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/\">Source Link</a>\n\n</div>\n","source":"lsy1606302653667","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Upstart Holdings Stock is Much More Than Just a Meme Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpstart Holdings Stock is Much More Than Just a Meme Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-13 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the ...</p>\n\n<a href=\"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UPST","symbol_name":"Upstart Holdings, Inc.","start_time":0,"source_url":"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/","article_id":"1128975792","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128975792","pubTimestamp":1642042955,"columns":[],"sourceInfo":{"source_id":"lsy1606302653667","name":"InvestorPlace"},"weMediaInfo":null,"summary":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until ","collect":0,"end_time":0,"defaultTopTitle":"investorplace.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"translate_title":"新贵控股股票不仅仅是一个迷因游戏","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPST":0.9},"content_text":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.Yes, Upstart is a cautionary tale about meme stocks.However, Upstart is very different from many of its “meme peers.”It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.The Allure of AI-Powered LendingBanks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020McKinsey Group study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.Upstart Delivers on the Promise of AI-Powered LendingWhy has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.What Caused the Surge And Crash of UPST Stock?Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was uponly250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.That spells long-term revenue growth, profit growth, and UPST stock growth.Bottom Line on UPST StockAs I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.Check Portfolio Grader and you’ll find that UPST earns an “A” rating. The investment analysts polled by theWall Street Journal are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9002543058,"gmtCreate":1642049749616,"gmtModify":1676533676087,"author":{"id":"3585630291155127","authorId":"3585630291155127","name":"jctig88","avatar":"https://static.tigerbbs.com/768ea89d448d43954f888bf4371ab290","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3585630291155127","authorIdStr":"3585630291155127"},"htmlText":"Vested","listText":"Vested","text":"Vested","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002543058","repostId":1128975792,"repostType":4,"repost":{"id":"1128975792","kind":"news","pubTimestamp":1642042955,"share":"https://ttm.financial/m/news/1128975792?lang=&edition=fundamental","pubTime":"2022-01-13 11:02","market":"us","language":"en","title":"Upstart Holdings Stock is Much More Than Just a Meme Play","url":"https://stock-news.laohu8.com/highlight/detail?id=1128975792","media":"InvestorPlace","summary":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until ","content":"<html><head></head><body><p><b>Upstart Holdings</b>(NASDAQ:<b><u>UPST</u></b>) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.</p><p>Yes, Upstart is a cautionary tale about meme stocks.</p><p>However, Upstart is very different from many of its “meme peers.”</p><p>It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.</p><p>Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.</p><p>The Allure of AI-Powered Lending</p><p>Banks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.</p><p>In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”</p><p>Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020<b>McKinsey Group</b> study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.</p><p>Upstart Delivers on the Promise of AI-Powered Lending</p><p>Why has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:</p><blockquote>By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.</blockquote><p>Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.</p><p>What Caused the Surge And Crash of UPST Stock?</p><p>Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:</p><blockquote>Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”</blockquote><p>The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.</p><p>The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was up<i>only</i>250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.</p><p>Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.</p><p>That spells long-term revenue growth, profit growth, and UPST stock growth.</p><p>Bottom Line on UPST Stock</p><p>As I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.</p><p>In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.</p><p>Check <i>Portfolio Grader</i> and you’ll find that UPST earns an “A” rating. The investment analysts polled by the<i>Wall Street Journal</i> are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Upstart Holdings Stock is Much More Than Just a Meme Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpstart Holdings Stock is Much More Than Just a Meme Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-13 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the ...</p>\n\n<a href=\"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"source_url":"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128975792","content_text":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.Yes, Upstart is a cautionary tale about meme stocks.However, Upstart is very different from many of its “meme peers.”It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.The Allure of AI-Powered LendingBanks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020McKinsey Group study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.Upstart Delivers on the Promise of AI-Powered LendingWhy has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.What Caused the Surge And Crash of UPST Stock?Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was uponly250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.That spells long-term revenue growth, profit growth, and UPST stock growth.Bottom Line on UPST StockAs I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.Check Portfolio Grader and you’ll find that UPST earns an “A” rating. The investment analysts polled by theWall Street Journal are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9002528541,"gmtCreate":1642044886081,"gmtModify":1676533675649,"author":{"id":"4094698472251250","authorId":"4094698472251250","name":"Residue","avatar":"https://static.tigerbbs.com/3007355f2105f2f9a930d32ec14fc091","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4094698472251250","authorIdStr":"4094698472251250"},"htmlText":"😊","listText":"😊","text":"😊","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002528541","repostId":1128975792,"repostType":4,"repost":{"id":"1128975792","kind":"news","pubTimestamp":1642042955,"share":"https://ttm.financial/m/news/1128975792?lang=&edition=fundamental","pubTime":"2022-01-13 11:02","market":"us","language":"en","title":"Upstart Holdings Stock is Much More Than Just a Meme Play","url":"https://stock-news.laohu8.com/highlight/detail?id=1128975792","media":"InvestorPlace","summary":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until ","content":"<html><head></head><body><p><b>Upstart Holdings</b>(NASDAQ:<b><u>UPST</u></b>) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.</p><p>Yes, Upstart is a cautionary tale about meme stocks.</p><p>However, Upstart is very different from many of its “meme peers.”</p><p>It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.</p><p>Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.</p><p>The Allure of AI-Powered Lending</p><p>Banks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.</p><p>In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”</p><p>Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020<b>McKinsey Group</b> study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.</p><p>Upstart Delivers on the Promise of AI-Powered Lending</p><p>Why has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:</p><blockquote>By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.</blockquote><p>Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.</p><p>What Caused the Surge And Crash of UPST Stock?</p><p>Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:</p><blockquote>Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”</blockquote><p>The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.</p><p>The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was up<i>only</i>250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.</p><p>Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.</p><p>That spells long-term revenue growth, profit growth, and UPST stock growth.</p><p>Bottom Line on UPST Stock</p><p>As I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.</p><p>In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.</p><p>Check <i>Portfolio Grader</i> and you’ll find that UPST earns an “A” rating. The investment analysts polled by the<i>Wall Street Journal</i> are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Upstart Holdings Stock is Much More Than Just a Meme Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpstart Holdings Stock is Much More Than Just a Meme Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-13 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the ...</p>\n\n<a href=\"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"source_url":"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128975792","content_text":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.Yes, Upstart is a cautionary tale about meme stocks.However, Upstart is very different from many of its “meme peers.”It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.The Allure of AI-Powered LendingBanks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020McKinsey Group study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.Upstart Delivers on the Promise of AI-Powered LendingWhy has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.What Caused the Surge And Crash of UPST Stock?Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was uponly250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.That spells long-term revenue growth, profit growth, and UPST stock growth.Bottom Line on UPST StockAs I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.Check Portfolio Grader and you’ll find that UPST earns an “A” rating. The investment analysts polled by theWall Street Journal are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9002567300,"gmtCreate":1642043404077,"gmtModify":1676533675508,"author":{"id":"3581996887679255","authorId":"3581996887679255","name":"Andrina A","avatar":"https://static.tigerbbs.com/527aef2be2ecd5e3af8295747ad2b02f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581996887679255","authorIdStr":"3581996887679255"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002567300","repostId":1128975792,"repostType":4,"repost":{"id":"1128975792","kind":"news","pubTimestamp":1642042955,"share":"https://ttm.financial/m/news/1128975792?lang=&edition=fundamental","pubTime":"2022-01-13 11:02","market":"us","language":"en","title":"Upstart Holdings Stock is Much More Than Just a Meme Play","url":"https://stock-news.laohu8.com/highlight/detail?id=1128975792","media":"InvestorPlace","summary":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until ","content":"<html><head></head><body><p><b>Upstart Holdings</b>(NASDAQ:<b><u>UPST</u></b>) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.</p><p>Yes, Upstart is a cautionary tale about meme stocks.</p><p>However, Upstart is very different from many of its “meme peers.”</p><p>It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.</p><p>Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.</p><p>The Allure of AI-Powered Lending</p><p>Banks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.</p><p>In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”</p><p>Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020<b>McKinsey Group</b> study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.</p><p>Upstart Delivers on the Promise of AI-Powered Lending</p><p>Why has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:</p><blockquote>By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.</blockquote><p>Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.</p><p>What Caused the Surge And Crash of UPST Stock?</p><p>Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:</p><blockquote>Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”</blockquote><p>The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.</p><p>The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was up<i>only</i>250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.</p><p>Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.</p><p>That spells long-term revenue growth, profit growth, and UPST stock growth.</p><p>Bottom Line on UPST Stock</p><p>As I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.</p><p>In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.</p><p>Check <i>Portfolio Grader</i> and you’ll find that UPST earns an “A” rating. The investment analysts polled by the<i>Wall Street Journal</i> are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Upstart Holdings Stock is Much More Than Just a Meme Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpstart Holdings Stock is Much More Than Just a Meme Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-13 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the ...</p>\n\n<a href=\"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"source_url":"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128975792","content_text":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.Yes, Upstart is a cautionary tale about meme stocks.However, Upstart is very different from many of its “meme peers.”It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.The Allure of AI-Powered LendingBanks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020McKinsey Group study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.Upstart Delivers on the Promise of AI-Powered LendingWhy has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.What Caused the Surge And Crash of UPST Stock?Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was uponly250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.That spells long-term revenue growth, profit growth, and UPST stock growth.Bottom Line on UPST StockAs I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.Check Portfolio Grader and you’ll find that UPST earns an “A” rating. The investment analysts polled by theWall Street Journal are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9002564731,"gmtCreate":1642043252962,"gmtModify":1676533675492,"author":{"id":"3579925209341859","authorId":"3579925209341859","name":"FlyHighFly","avatar":"https://static.tigerbbs.com/a610574cab0fe2ee4e79d08d0eb9ce6c","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579925209341859","authorIdStr":"3579925209341859"},"htmlText":"Like please","listText":"Like please","text":"Like please","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002564731","repostId":1128975792,"repostType":4,"repost":{"id":"1128975792","kind":"news","pubTimestamp":1642042955,"share":"https://ttm.financial/m/news/1128975792?lang=&edition=fundamental","pubTime":"2022-01-13 11:02","market":"us","language":"en","title":"Upstart Holdings Stock is Much More Than Just a Meme Play","url":"https://stock-news.laohu8.com/highlight/detail?id=1128975792","media":"InvestorPlace","summary":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until ","content":"<html><head></head><body><p><b>Upstart Holdings</b>(NASDAQ:<b><u>UPST</u></b>) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.</p><p>Yes, Upstart is a cautionary tale about meme stocks.</p><p>However, Upstart is very different from many of its “meme peers.”</p><p>It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.</p><p>Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.</p><p>The Allure of AI-Powered Lending</p><p>Banks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.</p><p>In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”</p><p>Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020<b>McKinsey Group</b> study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.</p><p>Upstart Delivers on the Promise of AI-Powered Lending</p><p>Why has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:</p><blockquote>By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.</blockquote><p>Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.</p><p>What Caused the Surge And Crash of UPST Stock?</p><p>Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:</p><blockquote>Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”</blockquote><p>The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.</p><p>The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was up<i>only</i>250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.</p><p>Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.</p><p>That spells long-term revenue growth, profit growth, and UPST stock growth.</p><p>Bottom Line on UPST Stock</p><p>As I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.</p><p>In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.</p><p>Check <i>Portfolio Grader</i> and you’ll find that UPST earns an “A” rating. The investment analysts polled by the<i>Wall Street Journal</i> are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.</p></body></html>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Upstart Holdings Stock is Much More Than Just a Meme Play</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUpstart Holdings Stock is Much More Than Just a Meme Play\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-13 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the ...</p>\n\n<a href=\"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc."},"source_url":"https://investorplace.com/2022/01/upst-stock-is-much-more-than-just-a-meme-play/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128975792","content_text":"Upstart Holdings(NASDAQ:UPST) was one of the big investment growth stories of 2021. At least, until last October. At that point, UPST stock crashed and it also became a cautionary tale about the downside of meme stocks. Upstart shares are now trading at around $120, which is right about where they were last June. They’re down from UPST stock’s October 2021 high close by nearly 70%.Yes, Upstart is a cautionary tale about meme stocks.However, Upstart is very different from many of its “meme peers.”It’s not a speculative play on a race to a Covid-19 vaccine. Upstart is not a company that has been circling the drain. It’s not a business that has suddenly pivoted to selling cryptocurrency or electric cars.Upstart is an impressive startup with a solid business model, impressive technology, and serious long-term growth potential. That makes the current price for UPST tough to resist for a growth focused portfolio.The Allure of AI-Powered LendingBanks have been using computer-powered, automated underwriting tools for decades. And yet, the technology has never lived up to the promise. It’s inflexible, relies heavily on credit scores (which are themselves error-prone), has challenges with effective fraud detection, often delays processes due to the need for frequent human intervention, and offers a poor customer-facing experience.In 2016, the Consumer Financial Protection Bureau released a bullet in scolding mortgage lenders for the use of “bad computer systems or outdated technology.”Still, artificial intelligence (AI) promises to be a game-changer. AI with machine learning has the ability to work faster, with fewer errors. AI-powered systems “learn” from outcomes and from a growing data warehouse. AI has the potential to make a huge impact in banking through greater speed and fewer errors in underwriting, outperforming human underwriters in decision-making. A 2020McKinsey Group study estimated that AI adoption could unlock $1 trillion in annual incremental value for the global banking industry.Upstart Delivers on the Promise of AI-Powered LendingWhy has UPST stock been a hot commodity since the company went public in 2020? Here’s the company’s own description of its value proposition to lenders:By leveraging Upstart’s AI platform, Upstart-powered banks can offer higher approval rates and experience lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand.Upstart’s AI-powered lending platform is delivering results. As of June 2021, the company claims that $13.6 billion worth of loans have been underwritten using its system. Further, 71% of those were fully automated from end-to-end, with no human intervention.What Caused the Surge And Crash of UPST Stock?Upstart is proving to be very successful. The company’s second quarter 2021 earnings results were off the charts. Revenue of $194 million was up a whopping 1,018% year-over-year (YoY). The company’s chief executive officer fanned the flames by stating:Our second quarter results continue to show why Upstart has the potential to be among the world’s largest and most impactful FinTechs… Lending is the center beam of revenue and profits in financial services and artificial intelligence may be the most transformational change to come to this industry in its 5,000 year history.”The hype resulted in retail investors piling on and saw an extended rally in UPST stock that saw shares rocket from $135.68 to a $390 close on Oct. 15, 2021.The glow came off Upstart when the company reported third-quarter earnings last November. Revenue was uponly250% YoY. A number that beat the company’s guidance, but disappointed investors who were expecting a repeat of Q2’s spectacular growth.Besides the fact that those who dumped their UPST shares had completely unrealistic expectations about sustainable growth, they also missed an important point. In Q3, the company noted that number of banks, credit unions, and auto dealerships using its platform had tripled since its 2020 initial public offering (IPO). AI gets “smarter” as it has access to more data. Upstart’s AI lending platform is good now, but it’s only going to get better as more customers sign up.That spells long-term revenue growth, profit growth, and UPST stock growth.Bottom Line on UPST StockAs I mentioned in the introduction, UPST stock was one of the better-known meme stocks of 2021. However, it’s clearly much more than a meme stock and well worth considering, especially at its current price. It’s also worth mentioning that even after the punishment that shares have taken over the past three months, UPST is still up around 100% over the past 12 months. In addition, it has posted growth of over 183% since the stock was first listed in December, 2020.In other words, don’t make the mistake of having UPST’s dramatic rally and drop since last August be its defining story.Check Portfolio Grader and you’ll find that UPST earns an “A” rating. The investment analysts polled by theWall Street Journal are definitely bullish about Upstart and its growth prospects as well. Their consensus rating for UPST stock is “overweight.” They have an average price target of over $263. Do the math on that price target and you’ll see they’re projecting growth in the range of 116% over the next 12 months. That price target is still nowhere near UPST’s $390 close last October, but it shows confidence in the company.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":82,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}