Upstart Crushed Earnings, Offered $400 Million Buybacks & Upside Guidance! UPST Stock

Upstart (UPST) beat earnings, but even more importantly, the company issued upside revenue guidance for Q1, which is typically a seasonally slower period. Upstart, which provides an artificial intelligence-based lending platform for banks, also announced a $400 million buyback authorization. Upstart also guided above expectations for Q1 and FY22. There is one major problem with the Upstart story, though.

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