Yahoo Finance Upstart (UPST) to Install Digital Lending Solution for Kaua'i FCU
Upstart UPST has partnered with Kaua'i Federal Credit Union (“Kaua'I FCU") to enhance the personal lending experience of the latter’s customers. UPST will enable Kaua'I FCU with an all-digital solution to serve its customers.
In March 2023, Kaua'i FCU joined the Upstart Referral Network as a lending partner. The users who currently qualify for personal loans on Upstart.com and meet Kaua'i FCU's credit criteria will receive personalized offers.
In the past year, UPST has partnered with multiple entities in the personal loan lending space like Liberty Savings Bank, Maine Savings, Mutual Security Credit Union, Regional Federal Credit Union, High Point Federal Credit Union, encurage financial network and Idaho Central Credit Union. The company has also collaborated with Naveo Credit Union, Farmers Insurance Federal Credit Union, Arbor Financial Credit Union, Texas Bay Credit Union, CME Federal Credit Union and CorePlus Federal Credit Union.
Upstart Holdings, Inc. Price and Consensus
Upstart Holdings, Inc. price-consensus-chart | Upstart Holdings, Inc. Quote
With all these partners under the hood, Upstart has become the leading marketplace for loans that also uses artificial intelligence (AI). The company has connected numerous banks and credit unions that utilize Upstart’s AI models and cloud applications, giving it a strong foothold in this market.
Upstart’s partnership with Kaua'i FCU is anticipated to increase the number of loan transactions on the platform. In the fourth quarter of 2023, UPST had around 129,000 loan transactions, which increased 12% from the previous quarter and added more than 82,000 new borrowers.
Zacks Rank and Stocks to Consider
Currently, Upstart carries a Zacks Rank #4 (Sell). Shares of UPST have soared 43.5% in the past year.
Some better-ranked stocks from the broader technology sector are NVIDIA NVDA, Bill Holdings BILL and Bentley Systems BSY, each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for NVIDIA’s 2024 earnings per share has been revised upward by 4 cents to $23.84 in the past seven days. Shares of NVDA have skyrocketed 231% in the past year.
The Zacks Consensus Estimate for Bill Holdings’ 2024 earnings per share has been revised 32 cents northward to $2.44 in the past 60 days. Shares of BILL have lost 16.2% in the past year.
The Zacks Consensus Estimate for Bentley Systems' 2024 earnings per share has been revised upward by 3 cents to $1.02 in the past 60 days. Shares of BSY have gained 17.7% in the past year.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
BILL Holdings, Inc. (BILL) : Free Stock Analysis Report
Bentley Systems, Incorporated (BSY) : Free Stock Analysis Report
Upstart Holdings, Inc. (UPST) : Free Stock Analysis Report
