Upstart Stock: Buy, Sell, or Hold?
This stock has taken investors on a dizzying ride, leaving them confused as to what should be -- or might be -- next.
Upstart (NASDAQ: UPST) shares deserve the 232% gain they've logged over the last eight months. The company's top line of $637 million in 2024 improved to the tune of 24%, accelerating to a growth pace of 56% during the fourth quarter. The headwinds slowing it down in 2022 and 2023 appear to be fully in the past.
The big run-up does present something of a problem though: Is it too much, too soon? The rally pushed this stock right past its current consensus price target of $77.60 (hitting an all-time high of $96.43 in mid-February), setting the stage for a bit of a retreat in the past few days along with the broader market (it currently trades at $71.77). Or maybe the underlying story here is bullish enough to keep the advance going despite the pros' pessimism.
Or, perhaps it's something in between that requires a very detailed look at what's really going on here.
