Upstart Holdings (NASDAQ: UPST) stock isn't for the fainthearted. It was up more than 400% at one point last year before losing about half of its value, ending 2023 with a 209% gain.

That was just last year. It's been volatile almost since it went public, skyrocketing before plunging, mirroring the stunning reversal of the company's fortunes. Will anything change in 2024? Let's see where Upstart is likely to be in a year from now.

Upstart operates a credit-evaluation platform powered by artificial intelligence (AI). It can run millions of data points through its system to assess a borrower's credit risk more accurately than a traditional credit model, and Upstart says it approves more loans without adding risk to the lender. Even with its current problems, which I'll get to in a moment, Upstart's platform approved 44% more loans than traditional models would as of the most recent data. As it adds millions of new data points constantly, especially considering the current economy's changing interest-rate trends, its model becomes even more accurate.

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Source Fool.com