Upstart (UPST) has launched a new product called Cash Line. It is a revolving line of credit that offers features like guaranteed minimum approval amounts and flexible repayment terms, aiming to compete with traditional short-term lending. The stock closed at $28.14, down 12% over the past week and roughly 38% over the last month. While the current price is significantly lower than the analyst consensus target of $52.33, the short-term momentum has been negative. A key risk to watch is that their debt is not well covered by operating cash flow, so funding this new credit product makes balance sheet discipline important moving forward.