UPST - This Cheap Stock Is Down 94%: Is It a No-Brainer Investment Opportunity?
2024-06-01 02:39:00 ET
Upstart (NASDAQ: UPST) has taken its longtime shareholders for a wild ride. After shares skyrocketed 1,220% from their initial public offering in December 2020 to their all-time high in October 2021, they have cratered 94% since (as of May 23).
The pessimism with this fintech stock has likely never been higher; it has dropped 43% just this year. Investors who have an appetite for risk, with the potential for achieving high returns, might be eyeing Upstart as a possible portfolio addition.
Is this a no-brainer investment opportunity right now?
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This Cheap Stock Is Down 94%: Is It a No-Brainer Investment Opportunity?