On Thursday, Upstart Holdings (UPST) got an upgrade for its IBD SmartSelect Composite Rating from 89 to 99.
The new rating shows the stock is outpacing 99% of all stocks when it comes to the most important stock-picking criteria. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
Upstart Holdings is currently forming a cup without handle, with a 191.99 buy point. See if the stock can break out in volume at least 40% higher than normal. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”
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One weak spot is the company’s 66 EPS Rating, which tracks quarterly and annual earnings growth. Look for that to improve to 80 or better to show it’s in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
In Q2, the artificial intelligence-powered lending platform posted 1,340% earnings-per-share growth. That marks two straight quarters of rising EPS performance. Top line growth increased 1,018%, up from 90% in the prior quarter. That marks four quarters of increasing revenue gains.
Upstart Holdings stock earns the No. 1 rank among its peers in the Finance-Consumer Loans industry group. Credit Acceptance (CACC) and Regional Management (RM) are also among the group’s highest-rated stocks.
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