3 Reasons to Buy Upstart, and 1 Reason to Sell
Upstart's (NASDAQ: UPST) stock price chart for this year looks like the beginning of a roller coaster. Between January 1 and July 31, shares were up a whopping 420%. But then they declined precipitously throughout the month of August. Nonetheless, shares are still up 139% in 2023 (as of Sept. 7).
Investors might be eyeing Upstart's wild swings and asking if the business should be added to their portfolios. Let's take a look at three reasons to buy this fintech stock, as well as one obvious reason to sell.
Upstart offers its lending partners, which are banks and credit unions, a tech-enabled platform that they can use to better assess a potential borrower's credit worthiness. Upstart's system can both keep default rates under control and expand the revenue opportunity for lenders, a setup that's a winning solution for all parties involved.
Source Fool.com
