Yeah, I bought my shares with the intent to hold long term, so I will tolerate some fair bit of 'unreasonable overvaluation', but if the Robinhood/Gamestop crowd piles in and it zooms crazy high during a serious short squeeze, I'll plan to take profits and get back in lower.

I know that current prices are hardly supported by recent or projected non-existent earnings, but I think the pathway is clear to significant and rapidly growing profits. I was drawn into the investment by the combination of a compelling story of past and potential future rapid growth with a huge target market, along with actual profitability. Fiscal year 2021 they reported $1.43 earnings per diluted share, with that diluted share count quite a bit higher than it is now (94.8 million compared to 81.9 million recently thanks to stock buybacks).

Upstart Holdings FAQ

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