$Upstart Holdings, Inc.(UPST)$
Nothing fundamentally wrong with the business here. The volatility is simply a result of previously super high valuations. This one had a peak PS ratio of around 60 back in late September last year.Valuations have come under pressure as interest rates look set to rise this year.
As a long term investor, I am happy to hold and add more along the way for this one. The market they are after is HUGE. A lot of potential for themto grow.
It is still pretty expensive now but far more reasonable in valuation now at a PS ratio of 17-18.
Very tempting to add at these levels. Definitely one on my shopping list!
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