Why Upstart Holdings Stock Was Skyrocketing This Week
Shares of Upstart Holdings (NASDAQ: UPST) were surging this week after the company delivered smashing results in its fourth-quarter earnings report.
It easily beat estimates on the top and bottom lines and gave strong guidance for 2025. Overall, the report showed an inflection point in the company's business model and technology as its conversion rate jumped, and results improved even in a challenging interest rate environment.
As of 12:27 p.m. ET on Thursday, the stock was up 30.6% for the week, according to data from S&P Global Market Intelligence.
Source Fool.com
