Here’s where Wall Street analysts think UpStart Holdings is going in 2022
UpStart Holdings (UPST) operates an artificial intelligence cloud-based lending platform (AI) that uses alternative data to measure credit risk and lend. UPST has fallen by more than 50% over the past few months, but is still rising by more than 500% since the IPO. Here’s what Wall Street analysts have to say about stocks.UpStart Holdings (UPST) operates an artificial intelligence cloud-based lending platform (AI) that uses alternative data to measure credit risk and lend. The company is one of the fastest growing stocks on the market with revenue growth of 234% in its latest earnings report.
It is also one of the most volatile stocks on the market. Since the IPO last December, the UPST is 550% higher. However, stocks also fell 60% from their highest level since early October. One factor in his weakness was the company’s Q4 guidelines which were below expectations. The second is that growth stocks sold out at rising short-term rates.
The growth rate and volatility of UPST make it one of the most followed stocks on social media. The next major catalyst for stocks is the next earnings report in January, although stocks could continue to experience sales pressure if rates continue to rise at next week’s FOMC meeting.
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