When Growth Meet Headwind? Let's see UPST's plunge!

What happens when growth stocks encounter a weak macroeconomic cycle?

First of all, there will definitely be sharp rises and falls. $Upstart Holdings, Inc.(UPST)$ plummeted 23% after-hours on Tuesday as its Q3 revenue, earnings, and Q4 revenue guidance all fell short of expectations.

Even though UPST is associated with the concept of an "AI-driven platform," it has not been able to escape the suppression of the "high-interest rate environment."

The stock has dropped from its peak of $72 this year to $22 after-hours.

In terms of performance

Q3 revenue was $134.6 million, lower than the consensus of $139.7 million, and lower than Q2's $135.8 million and the previous year's $157.2 million.
EPS was -$0.05, lower than the consensus expectation of -$0.02, returning to a loss from Q2's $0.06.
Lending partners (banks) issued 114,464 loans through its platform, totaling $1.2 billion, a 34% decrease from the third quarter of 2022. Q4 revenue guidance is approximately $135 million, with a consensus expectation of $157.6 million.

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Let's see UPST's plunge!","html":"<html><head></head><body><p>What happens when growth stocks encounter a weak macroeconomic cycle? </p><p>First of all, there will definitely be sharp rises and falls.  <a data-mention-id=\"UPST\" class=\"teditor-mention\" data-mention-name=\"Upstart Holdings, Inc.\" href=\"https://ttm.financial/S/UPST\">$Upstart Holdings, Inc.(UPST)$</a> plummeted 23% after-hours on Tuesday as its Q3 revenue, earnings, and Q4 revenue guidance all fell short of expectations. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8538ad168eb71ca4dd08a68c037787c\" tg-width=\"1767\" tg-height=\"732\"></p><p>Even though UPST is associated with the concept of an \"AI-driven platform,\" it has not been able to escape the suppression of the \"high-interest rate environment.\" </p><p>The stock has dropped from its peak of $72 this year to $22 after-hours. </p><p>In terms of performance</p><ul><li><p>Q3 revenue was $134.6 million, lower than the consensus of $139.7 million, and lower than Q2's $135.8 million and the previous year's $157.2 million. </p></li><li><p>EPS was -$0.05, lower than the consensus expectation of -$0.02, returning to a loss from Q2's $0.06. </p></li><li><p>Lending partners (banks) issued 114,464 loans through its platform, totaling $1.2 billion, a 34% decrease from the third quarter of 2022. Q4 revenue guidance is approximately $135 million, with a consensus expectation of $157.6 million.</p></li></ul></body></html>","htmlText":"<html><head></head><body><p>What happens when growth stocks encounter a weak macroeconomic cycle? </p><p>First of all, there will definitely be sharp rises and falls.  <a data-mention-id=\"UPST\" class=\"teditor-mention\" data-mention-name=\"Upstart Holdings, Inc.\" href=\"https://ttm.financial/S/UPST\">$Upstart Holdings, Inc.(UPST)$</a> plummeted 23% after-hours on Tuesday as its Q3 revenue, earnings, and Q4 revenue guidance all fell short of expectations. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8538ad168eb71ca4dd08a68c037787c\" tg-width=\"1767\" tg-height=\"732\"></p><p>Even though UPST is associated with the concept of an \"AI-driven platform,\" it has not been able to escape the suppression of the \"high-interest rate environment.\" </p><p>The stock has dropped from its peak of $72 this year to $22 after-hours. </p><p>In terms of performance</p><ul><li><p>Q3 revenue was $134.6 million, lower than the consensus of $139.7 million, and lower than Q2's $135.8 million and the previous year's $157.2 million. </p></li><li><p>EPS was -$0.05, lower than the consensus expectation of -$0.02, returning to a loss from Q2's $0.06. </p></li><li><p>Lending partners (banks) issued 114,464 loans through its platform, totaling $1.2 billion, a 34% decrease from the third quarter of 2022. Q4 revenue guidance is approximately $135 million, with a consensus expectation of $157.6 million.</p></li></ul></body></html>","text":"What happens when growth stocks encounter a weak macroeconomic cycle? First of all, there will definitely be sharp rises and falls. $Upstart Holdings, Inc.(UPST)$ plummeted 23% after-hours on Tuesday as its Q3 revenue, earnings, and Q4 revenue guidance all fell short of expectations. Even though UPST is associated with the concept of an \"AI-driven platform,\" it has not been able to escape the suppression of the \"high-interest rate environment.\" The stock has dropped from its peak of $72 this year to $22 after-hours. In terms of performance Q3 revenue was $134.6 million, lower than the consensus of $139.7 million, and lower than Q2's $135.8 million and the previous year's $157.2 million. EPS was -$0.05, lower than the consensus expectation of -$0.02, returning to a loss from Q2's $0.06. 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