Upstart (NASDAQ: UPST) has gone on a wild ride since its IPO in December 2020. The online lending marketplace went public at $20 a share, skyrocketed to an all-time high of $390 on Oct. 15, 2021, then dropped to an all-time low of $11.93 on May 3, 2023.

But if you had bought Upstart's stock when it bottomed out, your investment would have grown more than 350% in less than three months as it soared back to the mid-$50s. Those wild swings indicate that Upstart is still a polarizing stock for the bulls and bears. So today, let's review six reasons to be bullish -- and three reasons to be bearish -- to see if it's worth buying.

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Source Fool.com