Upstart Stock Sell-Off: 2 Reasons You'll Want to Buy the Dip
Inflation is at a 40-year high, and it's placing significant upward pressure on interest rates, hitting the hip pocket of consumers and driving down demand for loans. The day after Upstart's release, its stock price fell by more than 11% as investors digested news of slowing revenue growth and a murky short-term outlook. The company's bank and credit union partners have been hesitant in taking on risk from unsecured loans amid deteriorating credit conditions.
