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What's Going on With Upstart Stock?

The fintech start-up is struggling with macroeconomic headwinds that are restraining growth.

By Parkev Tatevosian, CFA – Oct 24, 2022 at 11:45AM EST

Upstart (UPST +5.20%) is a fintech company revolutionizing how people borrow money. The stock is down meaningfully in 2022, as lenders have shied away from its yet unproven platform. This video will go in depth on Upstart stock's second-quarter earnings to reveal what's going on with Upstart stock.

Stock prices used were the afternoon prices of Oct. 21, 2022. The video was published on Oct. 24, 2022

 

 

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Upstart Holdings, Inc. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Upstart Stock Quote
Upstart
NASDAQ: UPST
$26.93
(+5.28%)+$1.35

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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