Where Will Upstart Holdings Be in 3 Years?
Upstart Holdings (NASDAQ: UPST) burst onto the market at the end of 2020 with an initial public offering priced at $20 per share that peaked at $401 a share less than a year later. Since then, though, it's been all downhill, and the stock trades for under $80 a stub today.
That's still a quadrupling of value from the IPO, but if you got in anywhere near the top, you're nursing losses of 80%. That's a serious hit to anyone's portfolio and has left many asking where Upstart will be in the future: Will it regain its former glory or continue to revisit lows closer to its offering price?
Let's dive in and see where this cloud-based, AI-driven lending platform will be in three years.
Source Fool.com
