The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Upstart Holdings (UPST - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of UPST and the rest of the Computer and Technology group's stocks.
Upstart Holdings is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. UPST is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for UPST's full-year earnings has moved 183.61% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, UPST has returned 488.47% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 27.06% on a year-to-date basis. This shows that Upstart Holdings is outperforming its peers so far this year.
Breaking things down more, UPST is a member of the Computers - IT Services industry, which includes 39 individual companies and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 27% so far this year, so UPST is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track UPST. The stock will be looking to continue its solid performance.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
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The Computer and Technology group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Upstart Holdings (UPST - Free Report) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of UPST and the rest of the Computer and Technology group's stocks.
Upstart Holdings is a member of our Computer and Technology group, which includes 627 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. UPST is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for UPST's full-year earnings has moved 183.61% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, UPST has returned 488.47% so far this year. Meanwhile, the Computer and Technology sector has returned an average of 27.06% on a year-to-date basis. This shows that Upstart Holdings is outperforming its peers so far this year.
Breaking things down more, UPST is a member of the Computers - IT Services industry, which includes 39 individual companies and currently sits at #170 in the Zacks Industry Rank. This group has gained an average of 27% so far this year, so UPST is performing better in this area.
Investors with an interest in Computer and Technology stocks should continue to track UPST. The stock will be looking to continue its solid performance.
Zacks Naming Top 10 Stocks for 2024
Want to be tipped off early to our 10 top picks for the entirety of 2024?
History suggests their performance could be sensational.
From 2012 (when our Director of Research, Sheraz Mian assumed responsibility for the portfolio) through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2024. Don’t miss your chance to get in on these stocks when they’re released on January 2.
Be First to New Top 10 Stocks >>
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