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Simply Wall St.
Upstart (NASDAQ:UPST) Illustrates the Risk Inherent in High P/E Stocks
Upstart Holdings, Inc’s (NASDAQ:UPST) share price came under pressure yesterday, giving up 18%, after the company released results that were well ahead of consensus estimates. The company’s forward guidance (revenue to rise 209% year-on-year) would normally be extremely bullish. But, clearly the market expected even more. This illustrates the risk that stocks priced for perfection carry.
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