Upstart Holdings Inc. ($UPST) Stock Forecast: Up 5.5% Today

What is Upstart Holdings Inc.?

Upstart Holdings, Inc. (UPST) is a technology company utilizing artificial intelligence in consumer lending decisions. Recently, UPST's stock witnessed significant bullish movement.

Why is Upstart Holdings Inc. going up?

UPST stock is up 5.5% on Nov 5, 2024 17:57

• 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.

UPST Price Chart

UPST Technical Analysis

UPST News

Spotlight on Upstart Hldgs: Analyzing the Surge in Options Activity - Upstart Hldgs ( NASDAQ:UPST )

Investors with a lot of money to spend have taken a bearish stance on Upstart Hldgs UPST. We noticed this today when the trades 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/24/11/41749097/spotlight-on-upstart-hldgs-analyzing-the-surge-in-options-activity

Stay Ahead of the Game With Upstart ( UPST ) Q3 Earnings: Wall Street's Insights on Key Metrics

Evaluate the expected performance of Upstart (UPST) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

https://www.zacks.com/stock/news/2363265/stay-ahead-of-the-game-with-upstart-upst-q3-earnings-wall-streets-insights-on-key-metrics

Should You Buy, Hold or Sell Upstart Stock Before Q3 Earnings?

Innovative product launches and a unique approach to consumer lending, using AI-driven models to assess credit risk, are likely to have boosted UPST's Q3 revenues.

https://www.zacks.com/stock/news/2363059/should-you-buy-hold-or-sell-upstart-stock-before-q3-earnings

Upstart Holdings, Inc. ( UPST ) Rises As Market Takes a Dip: Key Facts

Upstart Holdings, Inc. (UPST) closed at $51.11 in the latest trading session, marking a +1.37% move from the prior day.

https://www.zacks.com/stock/news/2361145/upstart-holdings-inc-upst-rises-as-market-takes-a-dip-key-facts

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Upstart Holdings Inc. Price History

01.09.2024 - UPST Stock was down 5.1%

• Observing unusual options activity showing a bullish stance contrasting with the stock's bearish movement.
• A slight -0.1% stock movement observed, possibly contributing to an overall bearish trend.
• Investors with significant capital taking a bearish stance, indicating a lack of confidence in Upstart Holdings due to potential concerns about future performance or market conditions.

19.08.2024 - UPST Stock was up 6.0%

• UPST stock displayed strong bullish movement today.
• An unexpected interest rate cut of 50 basis points by the Federal Reserve has bolstered market sentiment, resulting in a broad market rally.
• The favorable market reaction to the interest rate cut is likely a factor in UPST's upward trajectory.
• Despite some investors adopting a bearish position in the options market, it appears to have had minimal impact on UPST’s bullish momentum, indicating a prevailing sense of optimism towards the stock in 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.

24.08.2024 - UPST Stock was down 6.3%

• The bearish movement in UPST today could be attributed to profit-taking by investors after the stock's impressive 71% rise in the past three months.
• The Federal Reserve's unexpected 50 basis points interest rate cut might have initially boosted UPST shares, but profit-taking and bearish sentiment in the options market could have contributed to the downward movement.
• The bullish stance taken by some investors and the overall market rally following the interest rate cut might suggest that the bearish movement in UPST today could be a temporary correction rather than a long-term trend.
• Investors may be reassessing their positions in UPST amidst conflicting signals from the options market and the broader market conditions, leading to the bearish movement observed today.

24.08.2024 - UPST Stock was down 5.0%

• Despite the recent positive sentiment surrounding UPST, the decline in stock price today could be linked to profit-taking by investors benefitting from the stock's previous gains.
• The bearish standpoint of large investors and the shift in options trading activities towards pessimism may have influenced the downward trajectory of UPST's stock price.
• The overall market upsurge following the Federal Reserve's interest rate adjustment could have prompted a reallocation of funds from UPST to other investment prospects, resulting in a temporary decline in the stock value.
• In light of market uncertainties, investors might be reevaluating their positions in UPST, leading to a short-term decline in stock performance despite the highlighted long-term growth potential.

04.09.2024 - UPST Stock was up 5.1%

• UPST witnessed a strong bullish movement today, with the stock price closing higher than the previous trading day.
• Unusual options activity pointing towards a bullish stance from investors with significant capital may have influenced the positive momentum.
• Despite a slight -0.1% dip mentioned previously, the overall market sentiment remained bullish, possibly due to the optimistic outlook on Upstart Holdings' innovative AI lending technology.
• The stagnant price noted may not accurately portray the overall bullish trend observed in UPST today.

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.

14.09.2024 - UPST Stock was up 9.4%

• UPST's significant bullish movement today is likely due to optimism in the market about the company's innovative AI technology and its ability to shake up the traditional lending sector.
• Mentioning UPST's advantageous position to benefit from future rate cuts and advancements in AI corresponds with the optimistic outlook, as investors might see these elements as drivers for future expansion.
• Despite worries about UPST's high valuation possibly capping its upside in the short term, the market appears more interested in the company's disruptive business model and growth potential, fueling the stock's remarkable surge.

14.09.2024 - UPST Stock was up 10.1%

• Following an analyst upgrade, Upstart Holdings observed a notable increase in its stock price, with the rating lifted from Underperform to Neutral, and the price target raised from $10 to $45.
• Despite its strong performance in the past six months, there are apprehensions regarding its premium valuation potentially capping further gains in the immediate future.
• The optimistic stock movement is credited to the positive outlook stemming from the analyst upgrade, reflecting confidence in Upstart's business model and growth opportunities within the fintech industry.
• Investors are attentively observing how Upstart will utilize advancements in AI and potential future rate adjustments to propel its business growth, carefully balancing the positive sentiment with reservations about its valuation.

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.

15.09.2024 - UPST Stock was up 8.6%

• The unusual options activity indicating a bearish approach towards Upstart Holdings might have been overshadowed by the positive analyst update and price target increase, leading to increased investor confidence and buying pressure on the stock.
• The analyst upgrade from Underperform to Neutral, along with the significant price target raise, likely contributed to the surge in Upstart Holdings' stock price as investors reacted positively to the improved outlook for the company.
• Despite the stock rallying 114% in the past 6 months, concerns about its premium valuation and limited near-term upside potential may have been offset by the positive news today, driving further buying interest and pushing the stock higher.

23.09.2024 - UPST Stock was down 5.6%

• There was a prevalent bearish sentiment among options market participants towards UPST, potentially influencing the stock's decline.
• The more significant drop in Upstart Holdings' stock price compared to the general market suggests unique factors impacting its performance.
• While some noteworthy investors were optimistic about UPST, the prevailing market sentiment and trading behavior leaned towards a bearish stance today.