The artificial intelligence (AI) lender Upstart Holdings (NASDAQ: UPST) has been a wildly divisive stock, with lots of investors fully buying into the company's story and enormous market opportunity, while others are more skeptical.
Upstart has developed algorithmic loan underwriting models that it believes can assess the credit worthiness of borrowers better than traditional underwriting scoring methods such as Fair Isaac's FICO scoring. Upstart currently originates personal and auto loans through a number of lending partners and has ambitions to apply its technology to other loan categories.
Since going public at the end of 2020, the company skyrocketed all the way to $400 per share before coming back down to roughly $35 now. Given all of that price action, let's revisit the bull/bear case for Upstart.
Source Fool.com