Upstart Q1: Solid Value Proposition For Long-Term Investors
UPSTUpstart(UPST) Seeking Alpha·2024-05-12 11:55

martin-dm The stock of Upstart Holdings, Inc. (NASDAQ:UPST) tanked 6% after the fintech presented its financial results for the first quarter on May 7, 2024. Upstart Holdings with its AI lending focus has fallen on hard times lately as the central bank’s aggressive push to hike short-term interest rates ate into the company’s sales growth and resulted in the fintech reported substantial losses. In 1Q24, Upstart Holdings, however, returned to double-digit sales growth and with the central bank sooner expecte ...