Reported 11 months ago
The article discusses the dramatic 94% drop in Upstart's stock price after a significant surge post-IPO, highlighting the company's struggles amid cyclical challenges and high interest rates impacting consumer loan demand. Despite Upstart's AI-driven approach to credit analysis and potential for growth, the stock is viewed as high-risk due to cash burn, unstable revenues, and reliance on macroeconomic factors. Investors are advised to wait for consistent growth and positive earnings before considering investment, given the uncertainties surrounding the company's future success.
Source: YAHOO