2023-09-27 09:00:00 ET
Shares of Upstart (NASDAQ: UPST) have gotten knocked off their perch, plummeting over 90% from their peak in 2021. That plunge makes the AI-powered lending platform's current mid-$20 share price seem pretty cheap.
However, just because Upstart's stock price is down sharply doesn't mean it's now a bargain. While there's still a case for investing in Upstart stock , value-conscious investors might want to watch this stock from the sidelines.
Upstart currently has a $2.3 billion market cap and $2.7 billion enterprise value . Both are well below the $30 billion valuation the AI lending platform enjoyed at its peak in 2021.
For further details see:
Upstart Isn't the Bargain You Might Think