Buy This Stock Before Wall Street Discovers It
IPO mania is a fixture in the stock market. Investment bankers try to hype up the next hot company to investors sending its share price into the stratosphere on trading debut. While the average retail investor usually misses out on the deal, IPO hype often doesn't end well. These inflated prices generally get back to earth as the original investors -- usually folks out to make a quick buck -- cash out creating massive downward pressure on the share price.
The long term opportunity, however, lies between the lull and before Wall Street's institutional investors get the whiff of a really good business. Upstart Holdings (NASDAQ: UPST) is one such company that should be on your radar.
The San Mateo, CA-based lending technology company debuted on the stock market last December, and was up nearly 460% by March. However, the stock has since dropped over 45%, and is now up about 200% since its IPO. This fintech company is still relatively unknown, and has huge growth opportunities. Let's see why.
Source Fool.com