Down 75% From its High, Is Upstart Stock a Smart Buy Now?

Upstart Holdings (NASDAQ: UPST) is a good example of irrational exuberance in action. Throughout 2021 a flurry of excitement surrounding the fintech pushed its share price higher by leaps and bounds. In mid-October the stock peaked at $401.49 per share, representing a 1,907% return since its IPO less than a year earlier. However, despite strong financial results, concerns regarding valuation have since brought the stock crashing back to earth, and shares currently trade 78% below their all-time high.

After that dismal sell-off, is Upstart stock a smart buy? Let's dive in.

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Source Fool.com