It’s not the greatest-sounding endorsement you can receive. Thanks to its market loss of nearly 24%, Upstart Holdings Inc (UPST) ignominiously made up the ranks of Barchart’s one-month losers list. If that wasn’t enough shame, the platform’s technical opinion indicator rates UPST stock as a 56% Sell, warning of a weakening short-term outlook.
Ordinarily, I would be inclined to agree. With Wall Street analyst rating shares as a consensus Hold — and three individual voices rating it a Strong Sell — Upstart appears to be headed down the wrong path. Further, in the past one-year period, the equity lost 3.48%.
