Where Will Upstart Stock Be in 1 Year?
Upstart Holdings (NASDAQ: UPST) is a prime example of what could happen if you buy a stock when its valuation becomes unsustainable. After its price-to-earnings ratio hit north of 400, it finally began to deflate, and its stock is now down 94% from its highs.
Investors seem to have lost confidence in Upstart stock for the time being anyway. But what about the future? Let's see what's in store for Upstart over the next year and whether or not it's a bargain at the current price.
Upstart's business is an artificial intelligence (AI) driven platform that helps lenders evaluate credit risk. It's able to assess many more criteria than the traditional scoring model because it uses thousands of data points and machine learning to make complex decisions instantly. It says it approves 44% more loans without adding risk to the lender at 36% lower rates.
Source Fool.com
