UPST has been consolidating for quite a while and it has finally formed a nice bullish uptrend with a wedge, thanks to great earnings results. A hard wedge resistance at $133 might be able to breakout when volume comes into play, while meeting up to the next resistance at $146, marking a 7.82% of upside. UPST price action respects the strong bullish trend line and keeps bouncing at a higher low. If the momentum persists, in mid/long term, UPST will rally up to $170, 33% upside. Risk and Reward is worth looking out for. This is a great fundamental and technical play for UPST that uses Artificial Intelligence to determine the creditworthiness of consumers. UPST expanding growth with more bank partners such as Customers Bank will only strengthen their position in the disruptive industry. Also, moderately low of Price/Sales of 34.53 makes it better on the profitability.
Upstart is just getting started on bull trend as it is expected to be profitable this year.
Upstart is just getting started on bull trend as it is expected to be profitable this year.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.