Upstart Holdings, Inc. is an artificial intelligence (AI) lending platform corporation based in San Mateo that provides online loans utilizing AI and ML learning methods. Raymond James Financial Services Advisors Inc., one of the leading diversified financial services firms in the United States, recently sold 8,953 shares of Upstart Holdings, Inc. stock for $373,000 to reduce its stake in the company by 24.1% in the fourth quarter of 2018. This follows Upstart stock forecast reports from numerous research analysts indicating that 9 have rated the stock as a sell and only 1 as a buy.

With Bloomberg data indicating that the consensus price forecast for the company is $16.92, it would appear that investors stay cautious regarding their perceived confidence in the future earnings direction within this swiftly developing sector. Upstart’s longevity as a well-managed company is viewed favorably by a number of respected research firms. Potential upside investors are long-term-minded across all sectors, but certain sectors, such as financial technologies with disruptive potential, offer intangible benefits accruing over time frames that are not always perceptible to investors with shorter investment horizons.

Recent trends indicate that professional firms, such as Raymond James Financial Services Advisors Inc, are taking more cautious approaches by reducing their exposure to Upstart Holdings by selling company equity. However, it is still true that there are oscillations between analysts’ positive recommendations and sometimes conspicuous detractors’ opinions on various aspects of business operations. Time will tell if these divergent perspectives result from doctrinal distinctions or differing marketing/strategy day-to-day plans across industries. The investment community continues to closely monitor Upstart Holdings as it waits to see how this swiftly evolving industry develops.

Visit World Fintech News for the latest information and analysis on the financial sector and the fintech industry.