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Upstart Reported Strong Q2, But Analysts Are Concerned About Short Interest And Profitability - Here's Why

Benzinga ·  Aug 8 01:47

Upstart Holdings, Inc.(NASDAQ:UPST) shares are jumping today after it reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates yesterday.

The company reported an EPS loss of $0.17, which beat the analyst consensus loss estimate of $0.39, and revenue of $128 million, which beat the analyst consensus estimate of $124.54 million.

For the third quarter of 2024, Upstart expects revenue of approximately $150 million vs. the $135.36 million estimate.

Piper Sandleranalyst Arvind Ramnani maintained Upstart with a Neutral and raised the price target from $28 to $31.

The analyst says that the revised guidance for the second half of the...

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