Upstart HoldingsNASDAQ: UPST

Upstart's artificial intelligence-powered lending platform has the potential to increase economic opportunity for consumers. Its recent financial results continue to be disappointing.

Upstart got off to a hot start after its 2020 IPO but has fallen significantly in recent years. High interest rates and subdued demand for its loans weighed on the business in 2022.

Zacks.com users have recently been watching Upstart (UPST) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Upstart's business is potentially game-changing, but it's not performing well with interest rates at high levels. After the business's severe declines, the outlook is beginning to improve.

Upstart leverages artificial intelligence to make personal loans accessible to more borrowers. It doesn't hold loans on its balance sheet and has been unable to capitalize on higher interest rates.

Upstart Holdings, Inc. (UPST) closed the most recent trading day at $21.67, moving -0.98% from the previous trading session.

Private credit lender Castlelake will buy up to $1.2 billion in consumer installment loans from fintech firm Upstart to expand its foothold in the retail lending space, it said on Thursday.

The rise of AI-powered businesses hasn't lifted this fintech. Tighter macro conditions have been a huge headwind on its performance.

Recently, Zacks.com users have been paying close attention to Upstart (UPST). This makes it worthwhile to examine what the stock has in store.