Upstart (NASDAQ:UPST) Issues FY 2021 Earnings Guidance

Upstart (NASDAQ:UPST) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $- for the period. The company issued revenue guidance of $600 million-600 million, compared to the consensus revenue estimate of $503.18 million.Upstart also updated its Q2 2021 guidance to $0.220-0.260 EPS.

UPST has been the topic of a number of recent analyst reports. Zacks Investment Research cut Upstart from a buy rating to a hold rating in a report on Saturday, May 1st. JMP Securities upped their price target on Upstart from $149.00 to $190.00 and gave the company a market outperform rating in a research note on Monday. Bank of America raised Upstart from a neutral rating to a buy rating and raised their price objective for the stock from $57.00 to $135.00 in a research report on Thursday, March 18th. Piper Sandler upped their target price on shares of Upstart from $143.00 to $152.00 and gave the company an overweight rating in a research report on Wednesday, May 12th. Finally, Barclays lifted their price target on shares of Upstart from $58.00 to $110.00 and gave the company an equal weight rating in a research report on Monday, March 22nd. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Upstart currently has a consensus rating of Hold and an average target price of $106.11.

Shares of NASDAQ UPST opened at $142.07 on Friday. The business’s 50-day moving average is $123.51. Upstart has a 1-year low of $22.61 and a 1-year high of $191.89.

Upstart (NASDAQ:UPST) last announced its quarterly earnings data on Tuesday, May 11th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.07. The company had revenue of $121.35 million for the quarter, compared to analyst estimates of $116.16 million. The business’s quarterly revenue was up 89.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. As a group, equities analysts expect that Upstart will post 0.31 earnings per share for the current year.

About Upstart

Upstart Holdings, Inc operates a cloud- based artificial intelligence (AI) lending platform. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

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Earnings History and Estimates for Upstart (NASDAQ:UPST)

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