Upstart's All-Time High Is $401.49. Could It Break Through That Level in 2025?
Upstart (NASDAQ: UPST) has recently been one of the stock market's best performers. Since the middle of 2024, its stock price is up by 244%, thanks to several consecutive earnings reports that were stronger than analysts expected.Having said that, it's also important to point out that Upstart is still about 80% below its all-time high of $401.49 that it reached in October 2021. At that time, loan demand had exploded, thanks to the ultra-low interest rate environment, investor demand for loans was through the roof, and Upstart was a highly profitable business.We're starting to see signs that good times could be returning. Upstart's latest guidance calls for $1 billion in revenue in 2025, which would be the first billion-dollar year in the company's history. Upstart also expects positive net income this year for the first time since 2021 (when it reached that record high).Continue reading
Upstart (NASDAQ: UPST) has recently been one of the stock market's best performers. Since the middle of 2024, its stock price is up by 244%, thanks to several consecutive earnings reports that were stronger than analysts expected.
Having said that, it's also important to point out that Upstart is still about 80% below its all-time high of $401.49 that it reached in October 2021. At that time, loan demand had exploded, thanks to the ultra-low interest rate environment, investor demand for loans was through the roof, and Upstart was a highly profitable business.
We're starting to see signs that good times could be returning. Upstart's latest guidance calls for $1 billion in revenue in 2025, which would be the first billion-dollar year in the company's history. Upstart also expects positive net income this year for the first time since 2021 (when it reached that record high).
