Should You Buy Upstart While It's Below $75?

The Federal Reserve cut interest rates for the first time since 2020. Upstart (UPST 2.08%) stock has rallied in recent months, going from as low as $20 per share in August to over $55 per share at the time of this writing. Despite its recent rally, however, it remains 86% below its all-time high price of $401 per share in October 2021. Consumer lenders have struggled with the higher interest rate environment over the past several years, but things look like they could be turning a corner. Last month, the Fe ...