Roden,
I believe we are just scratching the surface with Upstarts potential. Like you have stated, just because a bank partnership has been announced does not mean the bank is utilizing Upstart to the max potential. Upstart stands to gain from more upcoming bank partnerships. If we can get a few more partnerships by years end, it will serve as a major catalyst goin into next year. While the auto sector is just beginning, imagine the possibilities once auto and potential mortgage is in full force. For quarter 3 results, if Upstart exceeds:
Revenue of $205 to $215 million
Net Income of $18 to $22 million
and raises Revenue of approximately $750 million (vs prior guidance of $600 million)to over $800 million or higher, I see the stock moving higher by years end and for years to come.
-Tyler