Upstart folks
The stock has went from ATH $410 to $31 now. Stock is down 60% just in a day. This market is brutal.
Who’s buying at this level
This is truly brutal just not for upstart folks but for the investors too who invested in upstart. Last decade was easy money with zero interest. Tech stocks in general took advantage of it. With interest rates raising the era of easy money is gone. Investors with tech stocks are like show us the path for profitability and growth, else we will dump you brutally.
Meh purely pump and dump. Easy to manipulate market nowadays
TC when I joined in January: $300k TC now: $225k
Haha coming from Goldman Sachs this is the car's mechanic speaking. Since you guys did the IPO.
What’s crazy to me are the analysts that cut their price targets from 250 to 40 bucks just like that. These people just chase the price around they pulled the same shit on the way up.
UPST is a super hyper growth young company that is just 1.5 years old since going public. It is the leader in ML focused on credit. The stock by its very nature of company being so young is volatile but add on top of that the brutal macro economic conditions we are going through with inflation (primarily thanks to gas prices), and rising interest rates (which would impact UPST's business in the short term). I will say however, that by end of Q1 2023 the stock will be skyrocketing toward its previous all time high and beyond. The economy is "assumed to be going into a recession", but in reality it will be soft landing. So if you are a share holder, just hang in there. Happy Days are a few short months away. Dont listen to the self-serving "pimps" commonly referred to as Analysts who are covering UPST. The nature of UPST's business model is well beyond their head to understand.
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