Upstart Still Has a Lot to Prove

By Travis Hoium and Jason Hall – Nov 10, 2022 at 10:55AM

NASDAQ: UPST

Upstart

Market Cap

$2B

Today's Change

(3.34%) $0.74

Current Price

$22.87

Price as of May 1, 2024, 4:00 p.m. ET

Upstart has an innovative business model, but hasn't shown that it can make money. We discuss what the company needs to prove to become a great company.

Upstart (UPST 3.34%) went from a hot stock in 2021 to a cautionary tale in 2022, and this week's earnings results didn't do a lot to improve the picture for investors. In the video below, Jason Hall and Travis Hoium discuss the company's third-quarter earnings report and what the company needs to prove to investors.

*Stock prices used were the end-of-day prices of Nov. 8, 2022. The video was published on Nov. 9, 2022.

Jason Hall has positions in Upstart Holdings, Inc. Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Upstart Holdings, Inc. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.