Upstart Is Down 93% After Its Post-Earnings Crash -- Is the Stock a Buy?

The ongoing earnings season has been a rough one for many companies. Right now, Wall Street has zero tolerance for businesses that don't live up to analysts' expectations, especially in forecasting future performance. 

One fintech company that has felt the bite of the bear market this week is Upstart Holdings (NASDAQ: UPST). After management cut full-year guidance and spoke cautiously about the macroeconomic environment, the stock crashed. In the days following its earnings report, Upstart saw its stock value cut in half, and it's now trading down 93% from its 52-week high set in October.

Does that sell-off create a buying opportunity? Let's dive in and see if we can answer the question.

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Source Fool.com