Upstart (NASDAQ: UPST) investors have experienced a wild ride since its IPO in late 2020. A run-up to nearly $400 per share by mid-2021 led to a massive decline that took it below $12 per share as recently as early May.
Since that time, the stock has nearly tripled, likely on the market's rising interest in artificial intelligence (AI). The question for investors is whether a significant upside remains for the fintech stock or if its troubles make it a stock to avoid.
Admittedly, a look at the stock's history might imply it's a buy at current levels. Yes, Upstart has experienced a massive surge over the last month. But as of the time of this writing, the stock is down 91% from its all-time high, possibly pointing to a considerable upside.
Source Fool.com