On Friday, the stock price of the crediting company Upstart rose, at one point increasing by over 10%. As of the time of writing, the stock is up nearly 8%, priced at $83.17.

In terms of news, Needham upgraded the stock rating to "Buy." Analyst Kyle Peterson stated, "Upstart has achieved a proper balance in funding, primarily due to the increased demand from capital purchasers and its collaboration with them."

Needham's model predicts that due to an improved macro environment, a more stable funding base, and the launch of new products, Upstart's growth rate for the fiscal year 2025 will reach 27.9%.

Editor/lambor