Upstart CEO Dave Girouard Delivers Incredible News to Investors

Upstart Holdings, Inc. (UPST), the leading AI lending marketplace, recently announced its fourth-quarter 2024 results, and investors received some incredible news from the company's CEO, Dave Girouard. The company reported a 56% year-over-year increase in revenue, driven by a 68% increase in loan transaction volume. Additionally, Upstart's net income (loss) improved significantly, with the company coming within a whisker of returning to GAAP profitability.

Girouard attributed the company's strong performance to the growing trust lenders have in Upstart's risk assessment platform. He stated, "We launched into 2025 with unparalleled energy and optimism for the future of Upstart AI lending and the mission we're on together." The CEO also highlighted the company's expanding partnerships, with Upstart adding 28 banks and credit union partners in 2024, bringing its total to over 100 partners.



Upstart's impressive results and positive outlook have led to a significant increase in its stock price, with shares trading up more than 25% in after-hours trading. Analysts have also taken notice of the company's strong performance, with Piper Sandler upgrading its price target to $105 from $85, JP Morgan upgrading the stock to Neutral from Underweight, and Needham raising its price target to $108 from $100.

The company's forward-looking guidance also indicates a strong outlook for 2025. Upstart expects first-quarter revenue to grow 56% year-over-year, with full-year revenue projected to reach $1 billion, up 57% from last year. The company also expects to achieve at least break-even GAAP profitability in 2025.

Upstart's impressive fourth-quarter results and positive outlook have investors excited about the company's prospects. With its AI-driven lending platform and expanding partnerships, Upstart is well-positioned to continue its growth trajectory in the coming years. As an investor, it's essential to stay informed about the latest developments in the companies you're invested in and to consider the potential impact of their strategies on your portfolio. By doing so, you can make more informed decisions and maximize your investment returns.