Reported 22 days ago
Upstart, a lending company that has seen its stock plummet by 91%, could experience significant growth if the Federal Reserve decides to lower interest rates in its upcoming meeting. The company's reliance on personal and auto loans has made it vulnerable to rising rates, leading to decreased demand and deep losses. However, a reduction in rates could stimulate consumer borrowing, potentially boosting Upstart's business and stock value. Analysts urge caution, emphasizing the need for management to adapt for long-term sustainability.
Source: YAHOO