Could Upstart 10x From Here? The AI Fintech Platform Could Be the Most Misunderstood Stock on the Market
Upstart has been executing for years, but investors seem to be overlooking it.
Overview
Upstart (NASDAQ:UPST), the AI lending platform, has been a publicly traded company for nearly six years, and it's taken investors on a wild ride.
After going public at the end of 2020, the stock skyrocketed during the heady bull market, and the business posted triple-digit revenue growth and strong profits thanks to low interest rates and stimulus payments during the pandemic.
Details
However, Upstart's momentum unwound in 2022 as interest rates rose, and the stock crashed, losing more than 95% of its value at one point.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.