Long Position on UPST @ $45.00 on 1/5/2021 (Momentum)

Upstart Holdings, Inc. (UPST) operates a cloud- based artificial intelligence (AI) lending platform.

The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners.

Its platform connects consumers, banks, and institutional investors through a shared AI lending platform.

Since its founding, Upstart’s bank partners have originated more than 620,000 personal loans. About 70% of Upstart’s loans were automated, according to the prospectus for the deal.

This recent IPO should see an increase in share prices as it continues to follow upwards along its "bullish flag".

Entry Point: $45.00 

Trading Range: $22.61 - $51.40

Stop Loss: $42.90

Target Price: $49.50

Updates

1/6/2021 10:43:09 AM

UPST closed at $53.72

Position closed on 1/6/2021 at price of $53.72 with a 19.38% gain in 1 days.

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