Upstart Holdings Stock (UPST): Strong Q3 Guidance Signals Turnaround

Upstart Holdings (UPST) is showing signs of a turnaround with strong Q3 revenue guidance exceeding analysts' estimates. The company, which uses AI for lending, has seen its stock rise over 75% in three months. Recent backing from Blue Owl Capital and a Convertible Senior Note offering enhance its financial position. Despite a revenue decline in Q2 2024, Upstart expects positive EBITDA by Q4 2024. Analysts have a cautiously optimistic view, with an average price target suggesting a potential decline from current levels, rating it a Moderate Sell overall.