Upstart Holdings eyes growth with national bank charter amid strong revenue forecasts

Upstart Holdings is planning to pursue a national bank charter to address funding vulnerabilities and accelerate growth. This move could reduce funding risks and stabilize revenue streams, supporting the company's forecasted 35% annual revenue growth through 2028. Despite these growth prospects, the stock currently trades at less than 2 times sales and under 10 times adjusted EBITDA for 2026. Regulatory approval for the bank charter will take time, but the strategy positions Upstart for a potential rebound after recent challenges in relaunching its AI lending marketplace.