What is Upst Stock and How to Buy Upst Stock?
The recent surge in the value of Upstart Holdings, Inc. (UPST) stock has captured the attention of investors worldwide. This article aims to provide a comprehensive understanding of UPST stock, its parent company, and the potential it holds for investors. We’ll also guide you through the process of buying UPST stock and explore some alternatives for investment.
Table of Contents
What is Upst Stock?
Upst stock represents shares in Upstart Holdings, Inc., a company listed on the NASDAQ exchange. The company’s stock has seen significant growth recently, with a closing price of $38.19 on July 3, 2023, marking a 6.65% increase. The stock’s performance over the past year has been impressive, with a year-to-date increase of 188.88%.
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What is Upstart Holdings Inc?
Upstart Holdings, Inc. is a leading provider of a cloud-based artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the company’s network of AI-enabled bank partners. Founded in December 2013, the company is headquartered in San Mateo, California.
Is Upst Stock Worthy Investing?
Investing in UPST stock has proven to be highly profitable for investors in recent times. For instance, if you had invested $1,000 in Upstart during its initial public offering in December 2020, you would have seen a gain of 20%, despite its huge run-up this year1. However, investing in stocks always comes with risks, and it’s crucial to conduct thorough research and consider your financial situation and investment goals before making a decision.
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How to Buy Upst Stock?
Buying UPST stock involves the following steps:
- Choose a Brokerage: Select a brokerage that offers access to the NASDAQ exchange. Consider factors like fees, platform usability, customer service, and available research tools when choosing a brokerage.
- Open an Account: Once you’ve chosen a brokerage, you’ll need to open a trading account. This usually involves providing some personal information and may require a minimum deposit.
- Deposit Funds: After your account is open, you’ll need to deposit funds that you will use to purchase the stock. This can usually be done through a bank transfer.
- Search for UPST Stock: Use the brokerage’s platform to search for UPST stock.
- Place an Order: Once you’ve found UPST stock, you can place an order. You’ll need to decide how many shares you want to buy and what type of order you want to place (e.g., market order, limit order).
- Monitor Your Investment: After your order is executed, you’ll own UPST stock. It’s important to monitor your investment regularly and make adjustments as needed based on your investment goals and market conditions.
Invest in Alternatives of Upst Stock
If you’re interested in the financial technology sector but want to explore alternatives to UPST, consider other companies that are also making waves in the industry. Here is a comparison of three such alternatives:
| Name | Stock Symbol | Market Cap($) | Price($) |
|---|---|---|---|
|
NVIDIA Corporation |
NVDA |
1.048T |
424.13 |
|
Alphabet Inc. (Google) |
GOOGL |
1.527T |
119.90 |
|
Tesla, Inc. |
TSLA |
886.89B |
279.82 |
FAQ
As of July 3, 2023, the closing price of UPST stock was $38.19.
UPST stock has shown significant growth over the past year, with a year-to-date increase of 188.88%. However, future performance can be influenced by a variety of factors, and past performance is not a guarantee of future results.
As of July 3, 2023, the market cap of Upstart Holdings, Inc. was $2.96 billion.
According to recent options trades, the sentiment of big-money traders is split, with 21% being bullish and 78% being bearish.