Upstart Q2 revenue rises on jump in loan originations
UPST•Outlook
- Upstart continues to expect 2026 total revenue of approximately $1.4 bln
- Company maintains 2026 revenue from fees guidance at about $1.3 bln
- Upstart expects 2026 adjusted EBITDA of $294 mln, margin 21%
Result drivers
- Personal loan growth - Co said core personal loan originations re-accelerated, driving overall origination and revenue growth
- Secured product improvement - Co said contribution margin for secured products improved significantly, though remained negative
- Technology advantage - CEO attributed results to compounding technology advantage and operational execution
Analyst coverage
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
- The average consensus recommendation for the consumer lending peer group is "buy"
- Wall Street's median 12-month price target for Upstart Holdings Inc is $40.00, about 35.9% above its August 3 closing price of $29.43
- The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 12 three months ago
