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home / news releases / UPST - Upstart: A Coiled Spring Waiting For Lower Interest Rates (Rating Upgrade)

UPST - Upstart: A Coiled Spring Waiting For Lower Interest Rates (Rating Upgrade)

Upstart Holdings Inc.

2024-04-23 08:06:46 ET

Summary

  • Upstart has been experiencing elevated volatility due to lower confidence in interest rate cuts.
  • Growth has disappeared due to capital constraints, but management continues to focus on cost discipline.
  • The stock is attractively priced assuming an eventual reduction in interest rates.
  • I am upgrading the stock to "buy" on account of valuation.

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For further details see:

Upstart: A Coiled Spring Waiting For Lower Interest Rates (Rating Upgrade)
Stock Information
Company Name: Upstart Holdings Inc.
Stock Symbol: UPST
Market: NASDAQ
Website: upstart.com
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