Upstart Stock: Bear vs. Bull
Upstart (NASDAQ: UPST) recently announced its 2023 first-quarter financials, and investors were impressed. Revenue of $103 million and adjusted loss per share of $0.47 were better than analysts had hoped. And since that financial update, the stock is up more than 70% (as of May 19).
With the recent positive news, should investors seriously consider buying this disruptive fintech stock now to ride the strong momentum, even though it's still well below its all-time high? A closer look at the bear and bull cases for the company might provide more clarity.
I think one of the most obvious bear arguments against Upstart is that its business is extremely sensitive to the macroeconomic environment. While the company prides itself on being a platform that connects its banking partners with borrowers, it's hard to understate how desperately Upstart needs things outside of its control to work to its benefit.
Source Fool.com
