Upstart Holdings, Inc. (UPST) experienced a significant 5.10% plummet in its stock price on Thursday, February 13, 2025, amid market volatility and concerns surrounding its growth prospects.
The broader US stock market faced selling pressure, with major indices like the Dow and S&P 500 closing lower due to rising Treasury yields following a hotter-than-expected inflation report. In this environment, growth companies like Upstart Holdings, which operates a cloud-based AI lending platform, faced heightened scrutiny.
While Upstart Holdings reported impressive earnings growth forecasts of 107.6% per annum, the company faced challenges related to profitability and insider selling. Despite aiming for revenue of approximately $1 billion in 2025, Upstart Holdings reported a net loss of $128.58 million in 2024, raising concerns about its ability to achieve sustained profitability in the near future.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.