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  • Upstart

  • Zidan927

    Member
    24 2 月, 2022 at 12:28 上午

    Upstart Holdings

    In less than nine months, the artificial intelligence–driven lending platform provider’s stock lost 20% of its value. But when Upstart reported its fourth-quarter financial results, the stock soared more than 35% in one day.

    What We’ve Learned

    A quick look at Upstart’s latest numbers makes it easy to understand the new bullish sentiment. Total revenue topped the $300 million mark and jumped more than 250% year over year. Upstart’s lending partners originated more than 495,000 loans worth more than $4.1 billion, which was quadruple the company’s results from the same quarter of the prior year. And not only was Upstart profitable again, but its profits soared.

    Moreover, Upstart expects its good fortune to last into 2022 and beyond. Full-year 2022 revenue guidance of $1.4 billion would work out to a 65% top-line growth rate. That’s considerably slower than the 264% rise in 2021 compared to 2020, but it was enough to impress investors.

    What We’re Watching

    In the long term, Upstart has huge potential. With its early success in tapping the automotive loan market, the AI lending platform’s total loan origination addressable market is about $825 billion. But Upstart has aspirations to add mortgages and small business loans, which would take the size of its market up to more than $6 trillion.

    Members need to be prepared for continued volatility from Upstart for years to come. However, we’re confident in its ability to climb back to its old highs over time and provide multibagger results in the long run.