[finviz ticker=UPST]
Upstart Holdings Inc. (UPST) is an artificial intelligence (AI) lending platform that works with banks and credit unions to broaden the availability of loans to consumers.
And while the company in August reported strong quarterly results, UPST recently received two major downgrades.
Late last month, Citigroup (CITI) altered its rating from “buy” to “neutral.”
The investment bank explained that even though the company’s positive momentum will likely continue through 2022, its massive 1,000% price gain over the past year suggests its poised for a drop that may offer investors a cheaper entry point.
Meanwhile, Bank of America (BAC) in October downgraded UPST shares from “buy” to “underperform,” adding that the stock could fall to $300 in the coming weeks.
BAC provided similar commentary to CITI, noting that even though it remains in a dominant market position, its current valuation leaves little room for greater upside.
Because of this, BAC said UPST will likely see a pullback in shares sometime in the near future.
So, with these forecasts, and the company’s strong growth, selling now could result in a solid profit for investors. And it may even enable many to buy in at cheaper levels, as growth catalysts remain.
Largest screwup in the history of the tech industry!
Legacy Research
This has happened quietly…
But as we speak… Amazon, Apple, Google, and Microsoft are all teaming up.
And they’re scrambling to get in front of the largest screwup in the history of the tech industry.
Millions of innocent Americans are at risk of being destroyed by this.
As one tech analyst puts it, “Everyone is in crisis, and it is getting worse.”
Elon Musk says he has “Never seen anything like it.”
The White House is “racing” to respond.
Congress is rushing billions of dollars out the door to stem the bleeding.
Yet… while Big Tech and the US government are in a panic…
A select group of Americans isn’t worried at all.
In fact, they’re preparing for the trade of a lifetime.
Because they know the last time anything close to this happened, investors who acted fast snatched gains as high as 2,900% in one year… 3,700%… and even over 9,000%.
What is this “screw up”? And how could it be so profitable–yet so dangerous–at the same time?
To learn more…
