This summary was created by AI, based on 6 opinions in the last 12 months.
The reviews from different experts about Upstart Holdings (UPST-Q) suggest a mixed sentiment. Some experts are critical of the company's recent performance and management's portrayal of it, while others point out the potential for a rebound. The stock experienced a significant decline but may still have growth potential based on its recent deal and fundamental guidance. There are mixed opinions on whether it is a short squeeze or a Covid stock, but the consensus seems to be uncertain about its future prospects.
A Covid stock, part of the buy-now, pay-later group that had its day. In late 2021, it peaked around $400, plunged to the low teens two years later, then rebounded somewhat, but is still way past its highs. These stocks got killed as soon as the Fed announced it would raise interest rates, leaving behind the days of very low rates.
It's a huge short squeeze like Gamestop was, but the shorts can go only so far like what happened with Gamestop and AMC. So take profits now.
A key investing lesson is not to buy a damaged company (though buy a damaged stock). UPST sank from $400 at peak to around $11. The trick is to buy or sell in tranches to minimize losses.
UPST had its big decline because it had to take loans onto its balance sheet. The recent deal goes a long way in resolving this concern. It does use data to price loans, but we are not sure if it is the 'AI play' that some think. The rally we think is likely largely short covering. However, when a stock goes from 'almost bankrupt' to growing again it can still have a big move, and longer than one might think. Its guidance was solid, so fundamental buyers may come back here and continue to support it.
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It's in a short squeeze and not doing well. Their numbers were cut again yesterday. There are a number of bad loans.
Upstart Holdings is a American stock, trading under the symbol UPST-Q on the NASDAQ (UPST). It is usually referred to as NASDAQ:UPST or UPST-Q
In the last year, 1 stock analyst published opinions about UPST-Q. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Upstart Holdings.
Upstart Holdings was recommended as a Top Pick by on . Read the latest stock experts ratings for Upstart Holdings.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Upstart Holdings In the last year. It is a trending stock that is worth watching.
On 2024-10-08, Upstart Holdings (UPST-Q) stock closed at a price of $41.57.
Just reported a bad quarter, but management tried to paint a rosy picture during the conference call. Revenues missed, adjusted RPS loss was more than expected, and transaction volume is -34% YOY. What are these guys smoking?