Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>UPST stock is roaming in oversold regions and aiming to retest $40 by the end of this week.&nbsp;</a> </li> 
 <li> <span>2</span> <a>The MACD curve in Upstart shares has generated a negative crossover.&nbsp;</a> </li> 
 <li> <span>3</span> <a>Upstart Holdings, Inc.’s share price created history by registering its highest trading price of 2023.&nbsp;</a> </li> 
</ul> 
<p>Since the beginning of 2023, UPST stock price followed a severe downturn and was trading below $20 but a sudden spike was noticed on February 2, 2023. Upstart Holdings, Inc.’s share price started trading near $23.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-will-upst-stock-continue-to-surge-strong"><strong>Will UPST Stock Continue to Surge?</strong></h2> 
<p>UPST stock regained its lost momentum in the first week of May 2023 and by the end of May, it broke its monthly high and traded highest at $29.09. In the past 52 weeks, Upstart’s stock’s highest trading price was $72.58, and its lowest traded at $11.993.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh6.googleusercontent.com/YMwNvyA1vXQI0PEyug6v55wqXitEmTScReriKepuYt8CjCljDKvMAhjVL_wv6NNaWRpvtf3iMEcIySdQ9RmsuWIxd-XJOC54ZCUK7HjjslLP-NwEnMkSnVr4W-1NRU7Q-S8Ni14W5PTLfmyOqOqcMrc" alt="RSI Suggests Overselling; UPST Stock Still Aims to Achieve $40"> 
  <figcaption class="wp-element-caption">
    Source: UPST stock price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>On the first day of August 2023, <a href="https://www.thecoinrepublic.com/2023/08/23/upstart-stock-fell-52-smart-money-dumped-the-upst-stock/" rel="noopener noreferrer nofollow">Upstart Holdings, Inc.’s share price</a> created history by registering its highest trading price of 2023. Despite long-term profitability UPST’s share price declined 2.32% in a week and a sharp decline of 54.88% was seen on a monthly basis.</p> 
<p>At the time of publishing, Upstart Holdings, Inc. stock was trading above its annual price target of $23 which is around 17% less than its current price. The RSI is below neutrality and is roaming in an oversold zone and buyers seem struggling to establish their positions. &nbsp;</p> 
<p>The MACD curve in Upstart shares has generated a negative crossover. It shows sellers are more active as compared to buyers. In the past 3 months, UPST stock price showed a positive behavior towards investors and shareholders and added 26.55% to its trading price.&nbsp;&nbsp;</p> 
<p>Bulls might turn their aggressive mode ON and aim to achieve the mile stock of $40 by the end of this week.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-q2-2023-result-update-of-upstart-holdings-inc-strong"><strong>Q2 2023 Result Update of Upstart Holdings Inc.&nbsp;</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/08/23/upstart-stock-fell-52-smart-money-dumped-the-upst-stock/" rel="noopener noreferrer nofollow">Upstart Holdings, Inc.</a>, engages in the provision of a cloud-based artificial intelligence lending platform. The company has a market capitalization of $2.507 Billion and its shares’ average trading volume is 7.555 Million.&nbsp;</p> 
<p>According to its Q2 2023 report, Upstart Holdings, Inc.’s earnings per share (EPS) is $0.06 whereas the estimated figure was negative $0.07 which accounts for a positive 187.61%. The revenue for the same period of Upstart Holdings, Inc. amounts to $135.77 Million while the estimated figure of $135.770 Million.</p> 
<p>For the upcoming quarter, the estimated EPS is negative $0.02, and revenue is expected to reach $142.20 Million.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Upstart Holdings, Inc. is an AI lending platform, globally popular for its services in the finance industry. UPST stock has lost over 2% of its trading value in the past week; however since the beginning of 2023, UPST stock has been trading below $20, but after Q1 2023, a boom in the trading price was seen which helped the price to register a fresh 52 weeks high of $72.58. As per market observers, there is a majority of chance that UPST’s share price might gain momentum in the coming days.&nbsp;&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

RSI Suggests Overselling; UPST Stock Still Aims to Achieve $40

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Thecoinrepublic.com

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