UPSTART (#UPSTART) weekly uptrend opportunity based On 1.00 Lot Calculation:
Upstart Holdings, operates a cloud- based artificial intelligence (AI) lending platform. The company's platform collects consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform. The company plan is to lower costs for consumers while simultaneously increasing profits for lenders due to a decrease in defaults. Upstart is one of the market's leading AI-based fintech companies. The company was incorporated in 2012 with headquarters in San Mateo, California.
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EVENT: Earnings report on Tuesday, February 15.
The company is expected to post quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of +600%. Revenues are expected to be $261.43 million, up 201.5% from the year-ago quarter. Over the last 10 quarters, the company has beaten consensus Revenue estimates every single time and Earning per Share estimates seven times.
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The technology developed by Upstart has obvious advantages for financial institutions that want to sell more loans to their local communities while limiting the percentage of problematic loans.
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As of the third quarter last year, Upstart's transaction volume had risen 350% YoY, due to the ascended deployment of its AI technology. Roughly two-thirds of all loan decisions have been fully automated, lowering company overhead costs and resulting in a smoother customer experience.
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Company plans to expand into subsidiary loan segments, particularly car loans and mortgage loans. Both markets are significantly larger than the personal loan market and have higher average loan balances.
PRICE ACTION: Since record high in October 2021($401.49) the share price fell to a current $97.5. Potential growth in order to reach a previous high is 312%. The stock price previously fell on slowdown in consumer spending as well as supply chain issues. With opening economies both of them should be resolved.
Morgan Stanley's target is at $200, JPMorgan at$315, Piper Sandler at $223. Bloomberg analysts' medium target is at $218.80, and Nasdaq’s at $236.44.
UPSTART, February 14, 2022
Current Price: 97.50
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UPSTART |
Weekly |
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Trend direction |
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|
159.60 |
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|
142.50 |
|
|
122.50 |
|
|
72.50 |
|
|
52.50 |
|
|
37.20 |
Example of calculation based on weekly trend direction for 1.00 Lot*
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UPSTART |
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Pivot Points |
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Profit or loss in $ |
31,050.00 |
22,500.00 |
12,500.00 |
-12,500.00 |
-22,500.00 |
-30,150.00 |
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Profit or loss in €** |
27,239.23 |
19,738.57 |
10,965.87 |
-10,965.87 |
-19,738.57 |
-26,449.69 |
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Profit or loss in £** |
22,938.15 |
16,621.85 |
9,234.36 |
-9,234.36 |
-16,621.85 |
-22,273.28 |
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Profit or loss in C$** |
39,472.00 |
28,602.90 |
15,890.50 |
-15,890.50 |
-28,602.90 |
-38,327.89 |
* 1.00 lot is equivalent of 500 units
** Calculations for exchange rate used as of 10: 40 (GMT) 14/02/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than the suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail