current affairs, public markets, disputations
City of London, London
Joined August 2023
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It’s sentiment and sentiment only
Everyone is scared of $UPST after months of pain.
But look at the facts: $4B Castlelake + $1.25B Fortress in new funding commitments.
Q2 revenue +42%, originations +50%.
Maybe the story isn’t broken. Maybe sentiment is.
I think it's mainly two-pronged:
1) fintech originators in this macro = unfavourable.
2) $UPST saw a lot of top-line + balance sheet volatility in 22/23; the business is perceive to be above-average sensitive to macro conditions (even compared to other lenders).
One year ago, BTIG sparked mass panic surrounding Upstart $UPST arguing delinquencies (DQs) were materially rising.
They weren’t - and they haven’t. Two days later, the analyst walked back on his comments but the damage to the stock was already done.
Why bring this up? @paulxgu I don’t think the sell-side is on your team. UPST lacks vocal institutional support, and there are many of these ‘mini events’ that explain the perception gap of your stock - it’s not just retail holders upset with price action.
Of course that’s just my opinion, but think about how many of the analysts said you were toast a few years ago. I get that’s the business but it doesn’t sit right with me.
Gliding through this macro period unscathed, with strong growth hand in hand, would be insanely bullish for $UPST
Being quietly confident is always a strong leading indicator from a management team $ABCL
Well well well, don’t these Upstart shorters look very silly indeed! $UPST
Massive congratulations to @davegirouard and @paulxgu who have held the line steadfast, seen through all the nonsense commentaries, and are well on the way to producing a revolutionary company!
And I’ll be buying more! Long $UPST!
Congratulations to Henry - an absolute pillar of the Upstart investor community!
$UPST @HenryInvests
EXCLUSIVE: Interview with $UPST CFO Andrea Blankmeyer xitter.cf/i/broadcasts/1kJzDDWZk…
Fantastic coup from @HenryInvests!
CFO of Upstart! Well done
📅 Mark Your Calendars!
Friday, June 12th • 8:30 AM PT / 11:30 AM ET • I'll sit down with @Upstart $UPST CFO Andrea Blankmeyer LIVE 🚨
Have a question you'd like to ask Andrea? Drop it below and I'll bring the best to the stage 🎙️
Watch live right here on X @HenryInvests or @Rebellionaire (X & YouTube) 🦁🦁
Great work once again- June originations will be telling.
Upstart $UPST May Trustpilot #UTPI reviews hit 1,343, up 64.4% YoY and 19.5% MoM🛡️⚔️
May's Trustpilot Reviews per Day hit 43.3, up 64.4% YoY and 15.6% MoM, reaching a new all-time high. This comes in light of April UMI reaching 1.46, the highest level since August '26.
Upstart will publish May origination data this Wednesday (June 3), which will reconcile the relationship between Trustpilot reviews and Originations.
There's a new version of this post
This can never be part of a thesis and certainly isn’t factored into mine - but Upstart is unbelievably cheap right now and it’s starting to be recognised 👀
$UPST
reddit.com/r/wallstreetbets/…
“Not dead”
Quick update: not dead.
$FIG Q1 results:
→ 46% YoY revenue growth, accelerating for the 2nd straight quarter
→ Net Dollar Retention Rate increased to 139%, our highest rate in over two years
→ Raising 2026 revenue guidance for the year
Design matters more than ever.
