Why Upstart Stock Is Falling Hard

Shares of the artificial intelligence lending platform Upstart Holdings (NASDAQ: UPST) plummeted this morning after an analyst downgraded the company's stock and drastically cut his price target for its shares. 

The tech stock was down by 9.1% as of 11:38 a.m. ET. 

Morgan Stanley analyst James Faucette downgraded Upstart's shares from equal weight to underweight and slashed his price target for the stock from $88 down to $19.  

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Source Fool.com