Replies to post #95108 on Savvy Trades and Investments

[valuemind]

How many shares of this fintech company have you bought, bbotcs? How likely they get hit during economy recession?

[wadegarret]

bbotcs, UPST

If you look at their guidance for 2022 in revenues, it translates to around $2.30-$2.40 in non gaap adjusted eps. At $145 the stock is selling at a 60 PE going forward still. I think that's way too expensive, and wouldn't touch the stock ! Also, any stock that can fall almost 80%($400 to $85) out of nowhere is too dangerous as well.