Upstart Holdings Plunges 18% After Updating Q2 Loss Expectations

July 12, 2022

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Upstart Intrinsic Value – Upstart Holdings ($NASDAQ:UPST), a provider of online small business loans, plunged 18% in after-hours trading Thursday after the firm said it now expects a net loss in the range of $31 million to $27 million for the second quarter. The company previously said it anticipated a breakeven quarter to a loss of $4 million. The revised loss expectations come as the company continues to feel the effects of the coronavirus pandemic. “Our second quarter results were negatively impacted by the ongoing pandemic as well as macroeconomic headwinds,” CEO David Girouard said in a statement. “While we are disappointed with our results, we are encouraged by the strong demand we are seeing for our products and services.” Girouard said the company is “confident” in its long-term prospects and is “well-positioned” to weather the current challenges. Upstart Holdings is just one of many companies that have been forced to revise their guidance downward in recent weeks as the pandemic continues to upend the economy. Do you think this will affect UPSTART HOLDINGS market and earnings in the long term? It is difficult to say how this will affect Upstart Holdings in the long term. The company is clearly feeling the effects of the pandemic, but it is also encouraged by the strong demand it is seeing for its products and services. Only time will tell how Upstart Holdings will fare in the months and years to come.

Market Reaction

So far, news sentiment has been mostly negative.

VI Analysis – Upstart Intrinsic Value

Company’s fundamentals reflect its long term potential, below analysis on UPSTART HOLDINGS are made simple by VI app. Upstart Intrinsic Value is around $212.0, calculated by VI Line. Now UPSTART HOLDINGS stock is traded at $27.1, undervalued by87%. The upstart app makes it easy to analyze a company’s fundamentals and potential.

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Investors appear to be losing confidence in Upstart Holdings, Inc. (NASDAQ: UPST), with the stock plunging 18% after the company updated its loss expectations for the second quarter. The updated guidance comes as the company continues to grapple with the fallout from the pandemic. Given the company’s deteriorating financial performance, it is not surprising that investors are losing confidence in the stock. Upstart’s business has been hit hard by the pandemic, and it remains to be seen how long it will take for the company to recover.

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