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Upstart is a cyclical company vulnerable to economic and market conditions. This makes it riskier than blue chip stocks and not ideal for investors looking to protect their capital with a more ...
As a result, Upstart hit the ground running as a newly public company and raked in $849 million in total revenue (an increase of 263% from 2020) and posted net income of $135 million.
Upstart had to hold them on its balance sheet, which hurt the company's financial health and created a logjam. It had to slam the brakes on its business since it had nowhere to sell or keep the loans.
Upstart stock trades at a price-to-sales ratio of 4.4 and a one-year forward P/S ratio of 3.4, both of which have been on the low end for the company since it went public. At this valuation, the ...
Upstart is a young cyclical company vulnerable to economic and market conditions, making it riskier than blue chip stocks and a bad choice for more conservative, risk-averse investors.
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness. The founding team includes Dave Girouard, former President of Enterprise Google ; Paul Gu, a Thiel Fellow ; and Anna Counselman, former Manager of ...
In finance, a unicorn is a privately held startup company with a current valuation of US$1 billion or more. Notable lists of unicorn companies are maintained by The Wall Street Journal , [ 1 ] Fortune Magazine , [ 2 ] CNNMoney / CB Insights , [ 3 ] [ 4 ] TechCrunch , [ 5 ] PitchBook/Morningstar, [ 6 ] and Tech in Asia .
The company uses artificial intelligence to make lending decisions. Stock prices used were the afternoon prices of Dec. 2, 2024. The video was published on Dec. 4, 2024.