Upstart Nearing Inflection Point? 2 Analysts Examine Opportunities And Challenges Post-Q1 Earnings
Upstart Nearing Inflection Point? 2 Analysts Examine Opportunities And Challenges Post-Q1 Earnings
Upstart Holdings, Inc. (NASDAQ:UPST) shares are trading lower after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates.
Upstart Holdings, Inc.（納斯達克股票代碼：UPST）股價走低，此前該公司公佈了第一季度財務業績，併發布了低於預期的第二季度收入指引。
Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million.
Upstart公佈的第一季度收入爲1.28億美元，超過了市場普遍預期的1.24867億美元。
The results came amid an exciting earnings season. Here are some key analyst takeaways.
業績是在激動人心的業績季中公佈的。以下是一些重要的分析師要點。
- JPMorgan analyst Reginald L. Smith reaffirmed an Underweight rating with a price target of $24.00.
- Needham analyst Kyle Peterson reiterated a Hold rating on the stock.
- 摩根大通分析師雷金納德·史密斯重申減持評級，目標股價爲24.00美元。
- 尼德姆分析師凱爾·彼得森重申了該股的持有評級。
Check out other analyst stock ratings.
查看其他分析師股票評級。
JPMorgan: Upstart benefits from a powerful flywheel effect that creates a virtuous cycle, whereby greater repayment data leads to improved risk and fraud detection, which leads to higher approval rates and increased volume.
摩根大通：暴發戶受益於強大的飛輪效應，從而形成良性循環，更多的還款數據可以改善風險和欺詐檢測，從而提高批准率和交易量。
While retaining Underweight, Smith is incrementally positive, recognizing Upstart as arguably the name most levered to stable-to improving consumer credit and a rebound in 3rd party funding in the coverage universe, and appears to be nearing an inflection point.
在保持 “減持” 的同時，史密斯逐漸持樂觀態度，他認爲Upstart可以說是最能穩定地改善消費者信貸和保險領域第三方資金反彈的名字，而且似乎已接近轉折點。
Banks and credit unions are working through liquidity challenges from FY23, and beginning to address asset shortages.
從23財年起，銀行和信用合作社正在努力應對流動性挑戰，並開始解決資產短缺問題。
The analyst notes that short-duration, high-yielding personal loans are attractive, especially in times of heightened deposit costs.
分析師指出，短期、高收益的個人貸款具有吸引力，尤其是在存款成本上升的時期。
Upstart also continues to work with institutional capital partners and has a line of sight on $2.7 billion in committed capital over the next twelve months.
Upstart還將繼續與機構資本合作伙伴合作，並計劃在未來十二個月內提供27億美元的承諾資本。
Overall, the analyst remains Underweight as shares appear overextended, particularly in light of weaker trends in the company's UMI index.
總體而言，由於股價似乎過度擴張，特別是考慮到該公司的UMI指數走勢疲軟，該分析師仍處於減持狀態。
Needham: While the results were solid, the second quarter outlook was well-below consensus as poor credit performance from more affluent borrowers continues to be a drag on results, the analyst notes.
尼德姆：分析師指出，儘管業績穩健，但由於較富裕的借款人的不良信用表現繼續拖累業績，第二季度的前景遠低於市場預期。
While disappointing, the analyst notes that the commentary is consistent with other digital lending peers and tracks the intra-quarter trends/data from the Upstart Macro Index (UMI).
儘管令人失望，但分析師指出，該評論與其他數字貸款同行一致，並追蹤了Upstart宏觀指數（UMI）的季度內趨勢/數據。
While the company's near-term outlook is disappointing, the analyst does not view it as overly surprising given quarterly trends in the UMI as well as market expectations for a "higher for longer" rate environment.
儘管該公司的短期前景令人失望，但考慮到UMI的季度趨勢以及市場對 “長期更高” 利率環境的預期，分析師並不認爲這太令人驚訝。
The analyst commends UPST for working to bolster its committed capital base which should help growth quickly snap back when operating conditions improve.
分析師讚揚UPST努力鞏固其承諾的資本基礎，這將有助於在運營條件改善時迅速恢復增長。
Price Action: UPST shares are trading lower by 5.97% to $23.01 at last check Wednesday.
價格走勢：週三最後一次檢查時，UPST股價下跌5.97％，至23.01美元。
Image: courtesy of Upstart
圖片：由 Upstart 提供
譯文內容由第三人軟體翻譯。