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Upstart: Buy, Sell, or Hold?

TheMotleyFool

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Upstart: Buy, Sell, or Hold?: https://g.foolcdn.com/editorial/images/765567/a-person-sits-at-a-desk-reviewing-paperwork-in-front-of-a-laptop-getty.jpg

Upstart Holdings (NASDAQ: UPST) stock had a tremendous run last year, gaining 105% since the start of 2023. The company found relief when it was able to secure funding for its artificial intelligence (AI)-powered loans, and the stock bounced off its low price of around $12 per share and hasn't looked back since then.

Despite its massive rally, Upstart stock is still 93% below its all-time high price of $401 per share in October 2021. Upstart's AI-lending model has the potential to upend legacy credit scoring systems, but the company faces headwinds today that investors should understand. Let's examine them.

Image source: Getty Images.

Source Fool.com

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