Where Will Upstart Be In 10 Years?
Upstart Holdings (NASDAQ: UPST) stock has taken investors on a rollercoaster ride since its public listing in December 2020. It hit the market at $20 per share then, before rocketing higher by over 2,000% to an all-time high of $401 by October 2021.
But amid rising interest rates and the broader tech sell-off, Upstart stock has since collapsed by 90% from those lofty heights, to $38 today.
The company uses artificial intelligence (AI) to originate loans for banks, and it's working to access a multi-trillion-dollar opportunity as lenders look for faster, more accurate assessment tools after using Fair Isaac's (NYSE: FICO) FICO credit scoring system for the last 33 years.
Source Fool.com
