1 Reason Upstart Stock Is a Screaming Buy, and 1 Reason to Avoid It Like the Plague
Although Upstart (NASDAQ: UPST) stock is down 55% since the start of August, it has still soared 147% in 2023 (as of Aug. 23). That gain easily outpaces the Nasdaq Composite Index by an incredibly wide margin, likely driven by greater investor interest in businesses with exposure to artificial intelligence (AI).
When reporting its latest financial results, the fintech company provided weaker-than-expected guidance for the third quarter, helping drive shares lower. Investors could be eyeing Upstart as a potential opportunity right now.
It's best to consider both sides of the argument. Here's one reason Upstart looks like a screaming buy, as well as one reason to avoid the stock at all costs.
Source Fool.com
