Reported about 2 months ago
Despite Wall Street analysts being largely negative about Upstart (NASDAQ: UPST), with low buy ratings and a significant expected decline in stock price, the company's recent earnings report suggests potential for recovery. Factors such as anticipated interest rate decreases and strong technology-driven loan approval rates indicate that Upstart could rebound, tapping into pent-up demand for consumer loans. This analysis argues that the company's fundamentals still hold promise, setting it up for possible growth in a more favorable economic environment.
Source: YAHOO