Sell This AI Stock Before Shares Pull Back

finviz dynamic chart for  UPST

Upstart Holdings Inc. (UPST) is an artificial intelligence (AI) lending platform that works with banks and credit unions to broaden the availability of loans to consumers. 

And while the company in August reported strong quarterly results, UPST recently received two major downgrades. 

Late last month, Citigroup (CITI) altered its rating from “buy” to “neutral.”

The investment bank explained that even though the company’s positive momentum will likely continue through 2022, its massive 1,000% price gain over the past year suggests its poised for a drop that may offer investors a cheaper entry point. 

Meanwhile, Bank of America (BAC) in October downgraded UPST shares from “buy” to “underperform,” adding that the stock could fall to $300 in the coming weeks. 

BAC provided similar commentary to CITI, noting that even though it remains in a dominant market position, its current valuation leaves little room for greater upside. 

Because of this, BAC said UPST will likely see a pullback in shares sometime in the near future. 

So, with these forecasts, and the company’s strong growth, selling now could result in a solid profit for investors. And it may even enable many to buy in at cheaper levels, as growth catalysts remain.

Largest screwup in the history of the tech industry!

Legacy Research

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Millions of innocent Americans are at risk of being destroyed by this.

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The 3 Titans of AI

Get ready to join the AI revolution! The unstoppable rise of artificial intelligence AI is taking the world by storm, transforming industries and reshaping the future. Excitingly, numerous companies are diving headfirst into this cutting-edge technology, pouring massive investments into AI to revolutionize their products, slash costs, and gain an unbeatable edge over the competition.

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Tiny TSLA Supplier To Soar

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