Upstart (NASDAQ: UPST), a leading artificial intelligence (“AI”) lending platform, was featured in this week’s Simply Wall St Journal. The piece, which also discusses Caterpillar Inc. (NYSE: CAT) and DraftKings Inc. (NASDAQ: DKNG), offers a brief summary and analysis on a few selected stocks that have been trending in the markets. “Upstart Holdings’ second quarter results have been one of the highlights of the current earnings seasons. The company earned $0.62 a share, which was more than twice the expected $0.25 a share. Revenue for the quarter was $193.9 million, well ahead of consensus estimates that averaged $157 million,” the publication reads. “Guidance for full year revenue was raised from $600 million to $750 million. Several other metrics including the operating margin, transaction volumes and the conversion rate on requests also improved significantly.”
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About Upstart
Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit. By leveraging Upstart’s AI platform, Upstart-powered banks can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in San Mateo, California, and Columbus, Ohio. For more information about Upstart, visit www.Upstart.com.
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