Here We Go Again: Why Upstart Investors Should Tread Carefully
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Upstart Holdings (NASDAQ: UPST) shareholders have been waiting for some good news for a while now, and it's finally come. The company reported strong progress in the third quarter, and Upstart stock soared 53% after the report.You can already see where this is going. A 53% increase is incredible for shareholders, but is it too good to be true? That kind of eye-popping jump has an undercurrent of caution. And if you have been following Upstart stock, you know that this isn't an anomaly. Let's see why the market is excited and how investors should act on Upstart stock.The third-quarter results were better than expected across the board. Revenue increased 20% year over year, a sorely needed shot in the arm to what have been flagging sales for several years already. Revenue of $162 million was well ahead of guidance for $150 million.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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