Upstart Stock: Buy, Sell, or Hold?
Upstart (NASDAQ: UPST) was one of the market's hottest hypergrowth stocks. The online lending marketplace went public at $20 a share in December 2020 and skyrocketed to an all-time high of $390 the following October. At the time, the bulls were impressed by its rapid growth rates and its AI-driven approach to approving loans.
But today Upstart's stock trades at about $23 a share. It lost its luster as rising interest rates throttled its growth, highlighted its losses, and squeezed its valuations. Let's take a fresh look at this divisive company to see if we should buy, sell, or hold its stock.
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Source Fool.com
