UPST: It's the Time to Buy!
$Upstart Holdings, Inc.(UPST)$ New auto retail sales are up significantly as well as the percent that are executed online. Upstart has deployed their auto retail lending to the rooftops. The 2Q will be a significant change in volume of transactions...Shorts should run for the hills.
From the technical side, it had been an absolute beast. Earnings 8/7. Lets see what happens from there.
Besides, analysts expect revenue growth of 43% next year to lead the company well back into the black. That's not a bad catalyst to plug the stock into a new long-term rally.
Lastly, earnings should meet expectations set by mindless houses. Growth is all we need to see, nothing more, nothing less. The movement over the past 2 sessions looks very fishy. Makes me think there was a desire to drive the price in order to buy more at lower prices.
The other possibility is that earnings will actually be aweful and insiders know what's coming thus, this is just the start of a major reset. I doubt that will be the case but you never know. I own some of this but not alot. It is a very risky stock to own. At one point it was over $300.
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