Is It Too Late to Buy Upstart Stock?
Stocks usually take years or even decades after going public to grow their initial share price tenfold. But AI-powered loan origination company Upstart Holdings (NASDAQ: UPST) has managed to accomplish the feat in less than 12 months since its IPO, going from its IPO price of $20 to more than $250 per share.
It's easy to feel like it's too late to buy a stock after such a run, but things get interesting if we dig deeper into the long-term opportunity in front of the business. Let's investigate.
Upstart uses artificial intelligence to replace the traditional FICO score in making decisions whether or not to approve loans for consumers. Banks partner with Upstart, paying platform, referral, and servicing fees to the company to use its technology.
Source Fool.com
