Upstart stock drops after double downgrade
Marketwatch -

Shares of Upstart Holdings Inc. are off 3.6% in Monday morning trading after Bank of America analyst Nat Schindler downgraded the stock two notches, to underperform from buy, writing that he sees "little room for upside" with shares up roughly 800% on the year. The S&P 500 has gained about 19% so far in 2021. Schindler wrote that Upstart sees opportunity in the auto-lending market after having success with its artificial-intelligence-driven personal-loan business, though this new market...

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