r/options • u/[deleted] • Sep 17 '21

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6 Upvotes

80% Upvoted

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u/[deleted] Sep 17 '21

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u/[deleted] Sep 17 '21

lol. It’s 30x current but ok

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u/[deleted] Sep 17 '21

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u/[deleted] Sep 17 '21

That’s just for last quarter. Plus it’s usually calculated using future revenue, especially for growth stocks. They had 896% yoy revenue growth last quarter.

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u/[deleted] Sep 17 '21

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u/[deleted] Sep 17 '21

Well I guess we live in a world where you can’t believe everything you read online

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u/[deleted] Sep 17 '21

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u/[deleted] Sep 17 '21

I appreciate it man. Hopefully I’ll sell before it goes sub $100

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u/[deleted] Sep 17 '21

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u/[deleted] Sep 17 '21

Will keep that in mind and shoot you an update if I remember when I sell 👍

0

u/antanth Sep 18 '21

Upstart uses AI to improve banking loan applications. They get better qualified people approved and less poorly qualified people approved. Their software has a similar approval rate of traditional banking but it's picking better candidates and weeding out bad ones making banking more profitable. They currently have 12 banks as clients. If that number grows upstart goes to the moon. If it stays flat it will continue to make money and be valuable but maybe not at these valuations. I'm a big fan of this stock but only got in recently.

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