Upstart Earnings Preview: $UPST stock rallies 14% in anticipation of Q2 beat
and lender instability for a much lower revised forecast figure of $228 million. Additionally, selling off loans on its balance sheet also hurt revenue as they had to be sold at a discount due to the. Just to be sure, that $228 million figure is a 24% reduction in Q2 outlook compared to the already reducedUpstart had 57 banking partners that funded the loans on its platform at the end of the first quartersince then, but analysts will focus on this number.
Both the 9-day moving average recently overtaking its 21-day counterpart and the Moving Average Convergence Divergence putting distance between itself and the signal line demonstrate a stock in rally mode. If earnings and/or guidance are poor post-market,. Support at $26 from mid-May's plunge may also come into play.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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