Upstart Holdings, Inc. (UPST): A Bull Case Theory

We came across a bullish thesis on Upstart Holdings, Inc. (UPST) on Substack by Unconventional Value. In this article, we will summarize the bulls’ thesis on UPST. Upstart Holdings, Inc. (UPST)'s share was trading at $55.48 as of March 6^th. UPST’s forward P/E was 57.80 according to Yahoo Finance.

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Upstart is a company that thrives on volatility, with a revenue trajectory that has swung dramatically in recent years. While its revenue has declined 30% over the past two years,...