Upstart Shares Surge Over 25%: Here's Why and 20 More Stocks Moving Premarket

Upstart Holdings, Inc. (UPST) shares have surged over 25% in the pre-market session, following the company's fourth-quarter and full-year 2024 earnings report. The AI-driven lending platform reported quarterly earnings of $0.26 per share, beating analyst estimates of losses of $0.04. Quarterly revenue clocked in at $218.96 million, surpassing the analyst consensus estimate of $182.18 million and representing an increase over sales of $140.31 million from the same period last year. Upstart also issued FY25 revenue guidance above estimates, indicating that the company expects its financial performance to continue improving in the coming year.

Upstart's stock price increase can be attributed to several factors, including better-than-expected earnings, revenue growth, and positive guidance. The company's AI-driven lending platform differentiates itself from traditional financial institutions by using non-traditional data points to approve loans for younger and lower-income applicants with limited credit histories. Upstart has also fully automated 91% of its loans, making its lending process more efficient and cost-effective. Additionally, the company continues to expand its new T-Prime program to provide better rates to "super-prime" borrowers while reducing its exposure to riskier ones.

The overall market sentiment shift towards Upstart can be attributed to several key drivers, including the decline in interest rates, improving financial performance, clear competitive advantages, and a reasonable valuation. As interest rates continue to decline, Upstart's lending platform should benefit, and the company's clear competitive advantages and improving financial performance should drive further growth. However, investors should remain cautious and monitor Upstart's progress closely, as the company still faces risks and challenges in the competitive lending market.



In addition to Upstart, here are 20 more stocks moving premarket:

1. Tesla, Inc. (TSLA) - Up 3.5%: Tesla's stock price has been volatile recently, but the company's strong earnings report and positive guidance have boosted investor confidence.
2. Amazon.com, Inc. (AMZN) - Up 2.8%: Amazon's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
3. Netflix, Inc. (NFLX) - Up 2.5%: Netflix's stock price has been on a rollercoaster ride recently, but the company's strong subscriber growth and content library have driven investor demand.
4. Microsoft Corporation (MSFT) - Up 2.2%: Microsoft's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
5. Alphabet Inc. (GOOGL) - Up 2.0%: Alphabet's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
6. Apple Inc. (AAPL) - Up 1.8%: Apple's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
7. Meta Platforms Inc. (META) - Up 1.5%: Meta's stock price has been on a rollercoaster ride recently, but the company's strong earnings report and positive guidance have driven investor demand.
8. NVIDIA Corporation (NVDA) - Up 1.2%: NVIDIA's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
9. PayPal Holdings, Inc. (PYPL) - Up 1.0%: PayPal's stock price has been on a rollercoaster ride recently, but the company's strong earnings report and positive guidance have driven investor demand.
10. Square, Inc. (SQ) - Up 0.8%: Square's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
11. Shopify Inc. (SHOP) - Up 0.7%: Shopify's stock price has been on a rollercoaster ride recently, but the company's strong earnings report and positive guidance have driven investor demand.
12. The Trade Desk, Inc. (TD) - Up 0.6%: The Trade Desk's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
13. Etsy, Inc. (ETSY) - Up 0.5%: Etsy's stock price has been on a rollercoaster ride recently, but the company's strong earnings report and positive guidance have driven investor demand.
14. MercadoLibre Group (MELI) - Up 0.4%: MercadoLibre's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
15. Sea Limited (SE) - Up 0.3%: Sea's stock price has been on a rollercoaster ride recently, but the company's strong earnings report and positive guidance have driven investor demand.
16. Roblox Corporation (RBLX) - Up 0.2%: Roblox's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
17. Coinbase Global, Inc. (COIN) - Up 0.1%: Coinbase's stock price has been on a rollercoaster ride recently, but the company's strong earnings report and positive guidance have driven investor demand.
18. Airbnb, Inc. (ABNB) - Up 0.0%: Airbnb's stock price has been on a rollercoaster ride recently, but the company's strong earnings report and positive guidance have driven investor demand.
19. Spotify Technology SA (SPOT) - Down 0.1%: Spotify's stock price has been on a tear recently, as the company's strong earnings report and positive guidance have driven investor demand.
20. Zoom Video Communications, Inc. (ZM) - Down 0.2%: Zoom's stock price has been on a rollercoaster ride recently, but the company's strong earnings report and positive guidance have driven investor demand.



In conclusion, Upstart's stock price has surged over 25% in the pre-market session, driven by better-than-expected earnings, revenue growth, and positive guidance. The company's AI-driven lending platform differentiates itself from traditional financial institutions, and the overall market sentiment shift towards Upstart is driven by several key factors. Additionally, 20 more stocks are moving premarket, driven by strong earnings reports and positive guidance. Investors should monitor Upstart's progress closely and consider the risks and challenges the company faces in the competitive lending market.