$Upstart Holdings, Inc.(UPST)$ signing Honda moves them into Auto loans in a big way. Even if their current customers are funding fewer loans with the clients they are adding it won't a difference. The increase in loans from the new customers will make up for the pull back from the current customers. The auto loan market addition is great because people will continue to buy autos even at higher interest rates and when credit stablizes this stock will really explode.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Kk