Upstart Holdings: Valuation Puzzle After Recent Share Price Weakness and High P/E Ratio

Upstart Holdings (UPST) is on investors' radar after recent trading, with a 30-day share price return of a 25.21% decline and a 1-year total shareholder return of a 41.64% decline. Despite this, the stock's intrinsic value is estimated to be higher, with a fair value of $56.64. However, this hinges on credit conditions remaining manageable and Upstart maintaining model accuracy. The stock's high P/E ratio of 114.5x is also a concern, significantly higher than the US Consumer Finance industry average and the peer average.