The financial technology company is struggling amid headwinds in its consumer lending business.
Upstart's (UPST -1.97%) stock strongly correlates to interest rates. More specifically, its prospects are inversely related to changing interest rates. Upstart's management detailed why revenue is slowing amid rising interest rates in its third-quarter earnings call.
*Stock prices used were the afternoon prices of Nov. 14, 2022. The video was published on Nov. 15, 2022.
Parkev Tatevosian 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.
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