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How Long Will Upstart Stock Struggle?

TheMotleyFool

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Interest rates rose rapidly in 2022; it turned lending technology company Upstart Holdings (NASDAQ: UPST) on its head. Not only has the company's performance suffered, but so have shareholders. The stock is down 96% from its high.

Few stocks come back from such a plunge -- can Upstart beat the odds? If it does, it will take a rebound in Upstart's loan referral business, which currently suffers from funding constraints.

CEO David Girouard made an interesting comment during the company's fourth-quarter earnings call. I'll detail what was said and when investors might see the company turn around.

Source Fool.com

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