Upstart stock plunges 16% on revenue and EBITDA forecast miss, where's it headed?

Upstart Holdings, Inc. (NASDAQ: UPST), a prominent player in the artificial intelligence (AI) lending marketplace, faced a significant downturn in its stock price, plummeting by 16% following the release of its first-quarter revenue and earnings forecast. The consumer lending company disclosed that it anticipates first-quarter revenue to reach approximately $125 million, falling short of analysts’ projections, which averaged $152.3 million. Upstart projected negative earnings before interest, taxes, deprec ...