Better Fintech Stock: Upstart vs. Affirm
Upstart Holdings (NASDAQ: UPST) and Affirm Holdings (NASDAQ: AFRM) were two of the market's hottest fintech stocks last year. Upstart went public at $20 per share in December 2020, started trading at $26, and soared to an all-time high of $390 last October. Affirm went public at $49 per share last January, started trading at $90.90, and hit an all-time high of $168.52 last November.
But as of this writing, Upstart and Affirm stocks both trade at around $30 per share. Both stocks lost their luster as rising interest rates and other macro headwinds drove investors away from pricier growth stocks. Both companies also grappled with slowing growth following their red-hot public debuts.
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Source Fool.com
