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Upstart Holdings Inc. (NASDAQ:UPST) is one of the 9 Stocks Stealing the Show.

Upstart Holdings rallied for a 3rd straight day on Wednesday, climbing 12.97 percent to close at $33.36 apiece, as investors began loading positions ahead of the results of its first-quarter earnings performance.

In a notice on its website, Upstart Holdings Inc. (NASDAQ:UPST) said that it would release its financial and operating highlights before market open on May 6, 2026, to be complemented by a conference call to discuss the results.

For illustration purposes only. Photo by Ketut Subiyanto on Pexels

Last February, Upstart Holdings Inc. (NASDAQ:UPST) said that it would discontinue issuing quarterly business outlooks and focus on annual guidance instead. For this year alone, total revenues are targeted to grow by 40 percent to $1.4 billion from $1 billion in 2025.

Revenues from fees are expected to be $1.3 billion, or an implied growth of 36.8 percent from the $950 million last year.

In other developments, Upstart Holdings Inc. (NASDAQ:UPST) is currently facing a lawsuit over the collapse of its conversion rate to 20.6 percent in the third quarter last year from 23.9 percent the quarter prior, which directly reduced loan origination volume and allegedly caused the company to miss its own quarterly revenue guidance by $3 million.

Shareholder law firms are luring investors who purchased shares of the company between May 14 and November 4 of last year to apply as lead plaintiff for the lawsuit by the June 8, 2026 deadline.

While we acknowledge the potential of UPST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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