Big Insiders Are Buying Upstart Stock Again
Upstart Holdings, Inc. has been upgraded to a neutral rating following notable insider buying. The company reported significant revenue and transaction volume growth, although profitability has faced challenges. Management anticipates continued revenue growth through 2028, driven by expansion in loan originations.
- ▪Upstart was upgraded to a neutral rating due to significant insider buying.
- ▪The company experienced 44% year-over-year revenue growth and 61% transaction volume growth.
- ▪Management projects 34.6% revenue growth for 2024 and aims for 35% annual growth through 2028.
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