Angelica Ballesteros
2 min read
In This Article:
We recently compiled a list of the Traders Flee These 10 Stocks Today. In this article, we are going to take a look at where Upstart Holdings, Inc. (NASDAQ:UPST) stands against other stocks that crashed yesterday.
Wall Street’s main indices ended mixed on Thursday as investors continued to digest a series of first-quarter earnings and key economic data.
Among the three indices, only the Nasdaq registered losses, down 0.18 percent. In contrast, the Dow Jones grew by 0.65 percent while the S&P 500 rose by 0.41 percent.
Meanwhile, 10 companies registered hefty losses during the session, battered by a flurry of negative news, missed estimates, and a weak outlook for the rest of the year. In this article, let us explore the 10 companies that lag in performance and identify the reasons behind their decline.
To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million in trading volume.
A close-up of a businesswoman using a laptop, being illuminated by the AI-enabled cloud interface sponsored by the company.
Upstart Holdings dropped its share prices by 7.66 percent on Thursday to finish at $47.39 apiece amid the lack of fresh developments from its recently organized AI Day.
Upstart Holdings, Inc. (NASDAQ:UPST) hosted its first-ever AI Day investor event in New York City, where investors hungry for fresh catalysts expected more concrete plans to buoy shares in the company.
Last week, Upstart Holdings, Inc. (NASDAQ:UPST) earned lower price targets from two investment firms, Needham and Piper Sandler, at $70 and $69, respectively.
Meanwhile, JP Morgan reaffirmed its Neutral rating and gave the stock a price target of $79.
During the first quarter of the year, Upstart Holdings, Inc.’s (NASDAQ:UPST) narrowed its net loss by 96 percent to $2.4 million from $64.6 million in the same period last year.
Revenues expanded by 67.7 percent to $213 million from $127 million year-on-year.
Overall, UPST ranks 8th on our list of stocks that traders flee today. While we acknowledge the potential of UPST as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UPST but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
