Reported 1 day ago
Upstart Holdings, Inc. (NASDAQ:UPST) experienced a significant drop in share prices by 7.66% to $47.39 due to a lack of fresh updates following its inaugural AI Day investor event. Investor expectations for concrete plans to drive the stock higher were unmet. Additionally, two investment firms lowered their price targets, contributing to the negative sentiment, despite the company reporting a narrowed net loss and significant revenue growth compared to the previous year. Overall, UPST ranks among the stocks that traders are currently avoiding.
Source: YAHOO