Upstart Stock Surges 30% Following Strong Q4 Earnings and AI Lending Growth

The AI-driven lending platform exceeded market expectations with significant revenue growth, improved margins, and optimistic 2025 projections.

Upstart reported Q4 2024 revenue of $219 million, a 56% year-over-year increase, surpassing forecasts of $181 million.
The company achieved an adjusted EPS of $0.26, reversing a $0.11 loss from the previous year, and reported an adjusted EBITDA of $38.8 million.
Loan originations grew by 68% to $2.1 billion, with the loan conversion rate improving from 11.6% to 19.3%.
Upstart provided strong Q1 2025 guidance, projecting $200 million in revenue and $27 million in adjusted EBITDA.
Piper Sandler raised its price target to $105, citing confidence in Upstart's potential to reach $1 billion in revenue for FY25.