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Here’s Where Wall Street Analysts Think UpStart Holdings is Headed in 2022 -Breaking


Here’s Where Wall Street Analysts Think UpStart Holdings is Headed in 2022

UpStart Holdings is a cloud-based artificial intelligence (AI), lending platform. It uses alternate data to assess credit risk and make loans. UPST’s stock has fallen more than half in the last few months. However, it remains up over 500% from its IPO. This is what Wall Street analysts have to say about the stock.UpStart HoldingsUPST)A cloud-based platform for artificial intelligence (AI) lends. This platform uses other data to determine credit risk, and then originate loans. This company has experienced a 234% increase in revenues in its latest earnings report.

It’s also one of the most volatile stocks in the market. UPST’s stock price has risen 55% since December last year when it was IPOed. The stock has fallen 60% since its October peak. One factor in its weakness was the company’s guidance for Q4 which came in below expectations. One reason is the fact that growth stocks are being sold at rising rates of interest.

UPST’s growth rate and volatility make it one of the most widely-followed stocks on social media. The next major catalyst for the stock is its next earnings report in January, although the stock could continue to see selling pressure if rates continue rising into next week’s FOMC meeting.

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