UPST - Does lending get tougher with rates increase?

6 Tem 2022

UPST has a better AI lending models than FICO and has gained a lot of partnerships with many small banks, like credit unions. The company claims to be able to improve loan default rates at banks by 75%. I see decent near term potentials. The stock peaked at 400 in 2021, and crashed as low as 25$ in May despite 150% YoY earning growth.

Will they be able to profit and continue to grow in this tough economy and high interest rate? Let's find out on August's earnings.

This is an interesting play. Aside from the fundamentals, here's my TPs for the near term.

6 Tem 2022

Not

This one should hit $39-$43 on a 3/1 on July 7th intersecting with the lower trendline.

15 Tem 2022

Not

They crashed it to the bottom so they can run it high. Expect 34-35 sometime next week.