Is Upstart Holdings Stock a Buy?

Upstart's lending model is promising, but there is one thing it can't overcome: the cyclical nature of personal lending. Cyclical companies see their business rise during economic growth and expansion and decline during contractions. For a company like Upstart, the broader market and lending conditions greatly affect its bottom line. Then, inflation readings came in at the highest level in decades and the Fed began aggressively raising interest rates, which had a ripple effect across lending and other inter ...