3 Reasons to Buy Upstart Stock Like There's No Tomorrow
Upstart (NASDAQ: UPST) is one of the best-performing stocks in the market recently, with shares up by nearly 290% since the middle of 2024. The company has reported several consecutive quarters of better-than-expected results, and lending market conditions have become much more favorable than they were in the past few years.Despite the stellar performance, Upstart could be a strong opportunity for patient long-term investors. Here are three reasons why it could still be a great time to add Upstart to your portfolio.As mentioned, Upstart has outperformed expectations for several quarters in a row, and the most recent was the most impressive yet. In the fourth quarter, Upstart's revenue soared by 56% year over year and even grew by 35% sequentially (compared to the third quarter). Loan volume increased by 68% year over year to $2.1 billion. All of this was much greater than analysts had expected. Continue reading
Upstart (NASDAQ: UPST) is one of the best-performing stocks in the market recently, with shares up by nearly 290% since the middle of 2024. The company has reported several consecutive quarters of better-than-expected results, and lending market conditions have become much more favorable than they were in the past few years.
Despite the stellar performance, Upstart could be a strong opportunity for patient long-term investors. Here are three reasons why it could still be a great time to add Upstart to your portfolio.
As mentioned, Upstart has outperformed expectations for several quarters in a row, and the most recent was the most impressive yet. In the fourth quarter, Upstart's revenue soared by 56% year over year and even grew by 35% sequentially (compared to the third quarter). Loan volume increased by 68% year over year to $2.1 billion. All of this was much greater than analysts had expected.
