Published:
Lending company Upstart Holdings expects its growth to slow going forward — and by more than Wall Street was expecting.
Shares of the financial-technology company, which uses AI to inform lending decisions, were off 16% in Tuesday’s extended trading following downbeat guidance for the December quarter. Upstart’s
UPST management is targeting $288 million in revenue, up 32% from a year before, while the FactSet consensus was for $304 billion.