Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

With Weakening Demand for Loans, Upstart Could Face More Trouble Ahead

TheMotleyFool

0 0

With Weakening Demand for Loans, Upstart Could Face More Trouble Ahead: https://g.foolcdn.com/editorial/images/706507/person-looking-at-computer-2.jpg

The artificial intelligence (AI) lending company Upstart (NASDAQ: UPST) will report earnings results for the third quarter on Nov. 8 after what has been a difficult year. The stock has declined 84% this year.

As the Federal Reserve has aggressively hiked interest rates to try and get inflation under control, the company has been dealing with headwinds related to funding and potential credit issues down the line, which have significantly hampered growth.

I also think it's very possible that Upstart continued to deal with these same issues in the third quarter of the year. Here's why.

Source Fool.com

Like: 0

UPST

Share