How a Recession Could Make Upstart a Monster Stock

By Jason Hall and Jeff Santoro – Sep 6, 2022 at 12:00PM

NASDAQ: UPST

Upstart

Market Cap

$2B

Today's Change

(2.76%) $0.63

Current Price

$23.46

Price as of April 26, 2024, 4:00 p.m. ET

There's one single factor it needs to demonstrate to investors, and a recession could be the proving grounds.

Upstart (UPST 2.76%) stock rocketed up more than 1,200% from its IPO price, only to crash more than 90% from the all-time high over the past year. Is Upstart in trouble, or does it have a bright future? In this video, Motley Fool contributors Jason Hall and Jeff Santoro discuss how its lending platform has yet to be tested through a full credit cycle. If its loans hold up in a downturn, its future could be very bright.

*Stock prices used were the afternoon prices of August 31, 2022. The video was published on Sept. 2, 2022.

Jason Hall has positions in Upstart Holdings, Inc. Jeff Santoro has positions in Upstart Holdings, Inc. The Motley Fool has positions in and recommends Upstart Holdings, Inc. The Motley Fool has a disclosure policy. Jason Hall 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.