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Why Upstart Stock Is Falling Hard

TheMotleyFool

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Why Upstart Stock Is Falling HardPhoto, wide shot, wide-angle lens, Software company, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://img.theapi.app/temp/70b5df15-67cc-4a1b-af41-3596614daf77.png

Shares of the artificial intelligence lending platform Upstart Holdings (NASDAQ: UPST) plummeted this morning after an analyst downgraded the company's stock and drastically cut his price target for its shares.

The tech stock was down by 9.1% as of 11:38 a.m. ET.

Morgan Stanley analyst James Faucette downgraded Upstart's shares from equal weight to underweight and slashed his price target for the stock from $88 down to $19.

Source Fool.com

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