2024-05-08 13:07:42 ET
Summary
- Upstart disappointed the street once again, and revenues are having a hard time getting off trough levels.
- Losses continue to come in quarter after quarter, and this is despite Upstart slashing its produce development revenues.
- The stock has a lot more downside unless the company can actually grow its revenues.
In our last article on Upstart Holdings ( UPST ) we gave it a "10" on the potential pain scale as the company seemed to be clueless on how to turn its meager revenues into profits. We did offer creative ways that both bulls and bears could play the game without taking excessive risks. The bad part of that outlook was that the stock initially went up 90% from there. The good part is that it has dropped 50% from the article date (70% from the highs) and is still due for another 75% drop....
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For further details see:
Upstart: The Bonds With The 13% YTM Remain The Best Play