This Stock Dropped 47% in the Past 4 Weeks and Could Be a No-Brainer Buy During the Nasdaq Correction
Financial technology company Upstart (NASDAQ: UPST) has taken investors on quite a bumpy ride over the past year or so. After falling dramatically in the post-pandemic years, Upstart's stock price more than quadrupled from its 52-week low after three consecutive strong earnings reports.However, it has also been one of the hardest-hit stocks in the recent downturn. As of Monday, Upstart's stock had lost 46.6% of its value since its recent high on Feb. 12 as the broader Nasdaq Composite plummeted from its own highs into correction territory.Here's a rundown of the latest results from Upstart's business, why the stock is beaten down, and why it could be worth a closer look right now.Continue reading
Financial technology company Upstart (NASDAQ: UPST) has taken investors on quite a bumpy ride over the past year or so. After falling dramatically in the post-pandemic years, Upstart's stock price more than quadrupled from its 52-week low after three consecutive strong earnings reports.
However, it has also been one of the hardest-hit stocks in the recent downturn. As of Monday, Upstart's stock had lost 46.6% of its value since its recent high on Feb. 12 as the broader Nasdaq Composite plummeted from its own highs into correction territory.
Here's a rundown of the latest results from Upstart's business, why the stock is beaten down, and why it could be worth a closer look right now.
