Upstart Holdings Inc (UPST)

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  • Volume:
  • Day's Range:
    35.50 - 40.60
  • 52 wk Range:
    25.43 - 401.49

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  • UPST forgot it’s not 2020 anymore. You can praise their; tech, earings, investable market bla-bla Reality is we have been here before. AI highflyers gone bust incude; C3, PLTR, LMND. Other more established SaaS highflyers who have lost 20-60% from their all time high in reached earlier this or last year incude ALL OF THEM. Why? A number of reasons however mainly 2 core ones; Lockup Expiration and Valuation. I could rant for hours on lockup expiration but it’s def a thing and will affect UPST. On the Valuation front; simple and the most important case which indicates UPST is grossly overvalued. Regardless of what you may think the economy is heating up, which is causing inflation and if so will also expedilte the Fed’s tapper of the bond repurchasing program and other measures to cool it down a bit. It’s important as for every 1% rise on the yield if the 10 year treasurie by contrast it creates a 10-20% drawdown on growth multiples. UPST PE: over 40X soon it will get slaughtered.