- Upstart (UPST.US) shares plunged over 60% during today's session despite better-than-expected quarterly results. Sell-off was triggered by weak revenue outlook for 2022 which was lowered to $1.25 billion from $1.4 billion previously.
- The artificial intelligence lending platform expects lover sales as the current macroeconomic environment is likely to weigh on loan volume.
- Company cited climbing interest rates and the risk of a recession as factors which may negatively affect its future performance.
- Analysts from Piper Sandler downgraded Upstart stock to a neutral rating from overweight and sharply lowered price target to $44 from $230.
Upstart (UPST.US) stock fell over 90.0% from it's all-time high from October 2021 and is heading towards all-time lows around $23.90. Source: xStation5
Morning Wrap: What’s next with the Strait of Hormuz, inflation and US interest rates? (15.07.2026)
Earnings bonanza for US banks
US Open: Nasdaq 100 gains 1% 🔼 Software stocks decline, JP Morgan rises after earnings
US CPI review
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
