UPST - Is Upstart a Millionaire Maker?
2024-02-21 10:00:00 ET
The fourth quarter of 2023 was another disappointing quarter for Upstart (NASDAQ: UPST) . The company reported revenue of $140 million, which was down 4% year over year. What's more worrying is the net loss, which totaled $42.4 million in the three-month period that ended Dec. 31.
The shares are getting crushed, down 25% since the report. However, some risk-seeking investors might still have high hopes when it comes to the struggling business and its long-term prospects.
Can this fintech stock , which is currently 93% off its peak price, make investors into millionaires?
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Is Upstart a Millionaire Maker?