Is Upstart Stock a Buy?
Upstart (NASDAQ: UPST) shareholders have been on a wild ride in recent years. That's because the company's financial results have been severely impacted by macro factors, although investors have bid up shares this year.
Even though this fintech stock has climbed 151% in 2023, the valuation, as measured by the price-to-sales multiple, is significantly below the historical average. This setup might prompt some risk-seeking investors to want to take a chance on the shares in the hopes that it can boost their portfolio's returns.
But this isn't a smart idea. Here's why I think you shouldn't touch Upstart's stock with a 10-foot pole.
Source Fool.com
