Upstart Holdings Inc. ($UPST) Stock Forecast: Down 14.2% Today

What is Upstart Holdings Inc.?

UPST (Upstart Holdings Inc.) is a technology company that utilizes artificial intelligence for loan automation, experiencing significant bearish movement in today's market.

Why is Upstart Holdings Inc. going down?

UPST stock is down 14.2% on Dec 19, 2024 19:39

• Whales, investors with substantial financial resources, notably engaged in bearish trading concerning UPST.
• Although UPST faced a bearish trend, other stocks like Broadcom Inc. displayed positive outcomes, witnessing share increases due to surpassing earnings expectations within their sector.
• Despite some investors adopting a bullish stance on UPST, it was insufficient to counter the prevailing market sentiment, contributing to its bearish movement.
• Analyst upgrades in companies such as PayPal Holdings Inc. did not directly influence UPST's performance in the market today.

UPST Price Chart

UPST Technical Analysis

UPST News

This Is What Whales Are Betting On Upstart Hldgs - Upstart Hldgs ( NASDAQ:UPST )

Whales with a lot of money to spend have taken a noticeably bearish stance on Upstart Hldgs. Looking at options history for Upstart Hldgs UPST we detected 56 trades. If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish ...

https://www.benzinga.com/insights/options/24/12/42600325/this-is-what-whales-are-betting-on-upstart-hldgs

Broadcom Posts Strong Results, Joins RH, Upstart And Other Big Stocks Moving Higher On Friday - ASP Isotopes ( NASDAQ:ASPI ) , AirJoule Technologies ( NASDAQ:AIRJ )

U.S. stocks were lower, with the Dow Jones index falling around 90 points on Friday. Shares of Broadcom Inc. AVGO rose sharply during Friday's session after the company posted better-than-expected earnings for its fourth quarter.

https://www.benzinga.com/news/24/12/42488452/broadcom-posts-strong-results-joins-rh-upstart-and-other-big-stocks-moving-higher-on-friday

Check Out What Whales Are Doing With UPST - Upstart Hldgs ( NASDAQ:UPST )

Investors with a lot of money to spend have taken a bullish stance on Upstart Hldgs UPST. We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga. Whether these are institutions or just wealthy individuals, we don't know.

https://www.benzinga.com/insights/options/24/12/42486675/check-out-what-whales-are-doing-with-upst

This PayPal Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday - Ciena ( NYSE:CIEN ) , Cardinal Health ( NYSE:CAH )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Wolfe Research analyst Darrin Peller upgraded the rating for PayPal Holdings, Inc.

https://www.benzinga.com/24/12/42484987/this-paypal-analyst-turns-bullish-here-are-top-5-upgrades-for-friday

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Upstart Holdings Inc. Price History

02.11.2024 - UPST Stock was down 6.5%

• The decline in UPST today may be linked to an analyst's downgrade, causing a bearish sentiment among investors.
• Options trading data indicating a negative stance from well-financed investors likely added to the selling pressure on UPST shares.
• The favorable forecast for SoFi Technologies (NASDAQ: SOFI) as a potential leader in fintech, labeled as the 'American Express' of the industry by the same analyst, potentially diverted attention from UPST and impacted its stock price negatively.

02.11.2024 - UPST Stock was down 5.1%

• Deep-pocketed investors have shown a bearish stance towards UPST, reflected in a notable shift in options trading.
• Potential drivers of this bearish sentiment include concerns about the company's growth prospects and market conditions.
• The negative market sentiment may also be affected by broader economic factors impacting the technology sector.
• Investors are advised to monitor ongoing developments to evaluate the potential continuation of this bearish trend or a shift in sentiment.

08.10.2024 - UPST Stock was up 41.2%

• The company received a rating upgrade from a prominent analyst, likely instilling confidence among investors.
• Upstart Holdings, Inc. exceeded third-quarter financial expectations, surpassing analyst forecasts for quarterly losses per share. This favorable earnings report likely contributed to the positive stock movement.
• The company's robust Q3 performance, coupled with revenue estimates that outperformed projections, may have enticed more investors to buy the stock, consequently driving up its price.
• Despite industry apprehensions regarding potential stock declines, Upstart's strong financial results and favorable analyst assessments positioned it favorably, leading to an uptick in its stock value.

08.10.2024 - UPST Stock was up 46.6%

• Upstart's stock experienced a notable uptrend today following an upgrade from a well-known analyst, which included a higher price target and highlighted the company's innovative lending process driving revenue growth.
• Upstart exceeded expectations in its third-quarter financial results, surpassing the anticipated losses per share, which positively influenced market sentiment.
• Despite the mention of potential risks for financial sectors, Upstart's strong earnings report and analyst upgrades took precedence, leading to a significant rise in the stock value.
• Overall, the market reacted favorably to Upstart's recent performance, showcasing investor confidence in the company's trajectory and unique lending strategies.

18.10.2024 - UPST Stock was up 6.6%

• Significant trades in publicly available options history suggest that large investors, potentially institutions or affluent individuals, have adopted a bullish stance on UPST.
• The heightened bullish activity from these investors indicates a possible increase in confidence regarding UPST's business model and future potential.
• The strong bullish movement in UPST's stock price today may be influenced by the optimistic sentiment from prominent investors.

13.11.2024 - UPST Stock was up 6.6%

• Large investors, also known as "whales," have taken a bullish stance on UPST, as evidenced by significant positions in publicly available options history.
• The positive sentiment towards UPST may have been influenced by a broader bullish trend in the market, as indicated by top Wall Street analysts upgrading their outlook on companies like PayPal Holdings Inc.
• The increased confidence in UPST's future prospects could be driven by the company's innovative use of AI technology to revolutionize the lending industry, attracting both institutional and individual investors seeking growth opportunities.
• Overall, the combination of favorable investor sentiment and market dynamics likely contributed to UPST's strong bullish movement today.

13.11.2024 - UPST Stock was up 8.3%

• UPST stock rose notably as investors showed optimism and financial data indicated a bullish stance on the company.
• The positive market sentiment towards UPST might have been influenced by the strong performance of various companies such as Broadcom Inc., which reported better-than-anticipated earnings, contributing to the overall upbeat market mood.
• Analysts upgrading companies within the fintech industry, including PayPal Holdings, Inc., may have played a role in boosting UPST, reflecting a positive outlook on technology firms.
• Today's bullish movement of UPST could be linked to a mix of investor sentiment, favorable market dynamics, and recent analyst upgrades within the sector, propelling the stock upwards.

31.09.2024 - UPST Stock was down 5.4%

• Despite market fluctuations, Upstart Holdings, Inc. closed slightly higher, indicating resilience in uncertain market conditions.
• The decline in UPST's stock today may be due to investors taking profits following a recent uptick in the stock price.
• Market volatility may have affected sentiment, leading to selling pressure on UPST as investors adjusted their holdings.
• Some investors may be exercising caution regarding the company's future prospects, resulting in sell-offs of UPST shares.

11.10.2024 - UPST Stock was up 5.7%

• The stock of Upstart saw a substantial bullish movement recently.
• Notable analyst endorsements from BTIG and Piper Sandler emphasized the enhanced lending landscape and potential revenue growth, influencing market sentiment positively.
• Upstart's third-quarter financial results surpassed expectations, demonstrating lower losses per share than predicted, which buoyed investor confidence.
• The favorable analyst sentiment and robust financial performance likely propelled the significant uptick in Upstart's stock price.

19.11.2024 - UPST Stock was down 14.2%

• Whales, investors with substantial financial resources, notably engaged in bearish trading concerning UPST.
• Although UPST faced a bearish trend, other stocks like Broadcom Inc. displayed positive outcomes, witnessing share increases due to surpassing earnings expectations within their sector.
• Despite some investors adopting a bullish stance on UPST, it was insufficient to counter the prevailing market sentiment, contributing to its bearish movement.
• Analyst upgrades in companies such as PayPal Holdings Inc. did not directly influence UPST's performance in the market today.

05.10.2024 - UPST Stock was up 5.5%

• A surge in options activity with a bearish stance may have triggered a short squeeze, causing UPST's stock price to rapidly rise.
• Anticipations of robust performance in Q3 earnings, propelled by new product launches and AI-driven credit risk assessment models, likely contributed to the upward movement.
• Despite a market downturn, UPST's resilience and positive momentum demonstrated its appeal to investors, resulting in the stock outperforming the market.

05.10.2024 - UPST Stock was up 5.0%

• UPST stock experienced a strong bullish movement, closing at $51.11 with a +1.37% increase from the previous day.
• Anticipation and positive sentiment surrounding UPST's Q3 earnings, focusing on innovative product launches and AI-driven credit risk assessment models, likely contributed to the stock's upward momentum.
• Investors seem optimistic about UPST's unique approach to consumer lending and the potential for strong revenue growth in the latest quarter, driving the stock higher despite broader market volatility.