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Upstart: Downward Spiral

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  •  Upstart reported another weak quarter in Q4 2022, and in particular guided to collapsing loan origination demand in Q1 2023.
  • The fintech doesn't appear any closer to solving the committed capital issues, though this could provide a stock boost on the next up cycle.
  • Upstart Holdings stock is expensive compared to fintech lending peers despite reporting large losses.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
Just a couple of weeks back, Upstart Holdings, Inc. (NASDAQ:UPST) announced plans to lay off ~20% of their workforce in a sign of how weak 2023 had started off. The fintech continues to

Read the full article on Seeking Alpha. 

Disclosure: Long LC. Please review the disclaimer page for more details. 

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