The Nasdaq-100 stock market index, which represents the technology sector, has officially entered a bear market. Three Motley Fool contributors think Tesla (NASDAQ: TSLA), PubMatic (NASDAQ: PUBM), and Upstart Holdings (NASDAQ: UPST) are oversold, and represent great long-term value at their current prices. Here's why investors might regret missing this chance to buy when they look back a few years from now.
Being a "'platform" sounds well and good, but it's hard for fintechs involved in lending to escape the economics of banks.
Upstart Holdings (NASDAQ: UPST) is an explosive financial technology company that uses artificial intelligence (AI) to originate loans for banks. After reaching an all-time high of $401 per share in 2021, Upstart stock has progressively fallen, at one point by as much as 93% since. Investors took particular issue with the company's recent Q1 2022 earnings report, sending the stock down more than 50% on the day results were released.