Down 82% and 94%, These Are 2 of the Fastest-Growing Stocks on the Planet
Over the past two years, Upstart Holdings (NASDAQ: UPST) has seen revenue soar 396%, which is equivalent to 123% growth on an annualized basis. During the same time, Zoom Video Communications (NASDAQ: ZM) saw sales skyrocket 409%, which is equivalent to 126% growth on an annualized basis.
In spite of those mind-boggling metrics, Upstart and Zoom have seen their share prices plunge 94% and 82%, respectively. Is this a buying opportunity?
For decades, Fair Isaac's FICO score has been the gold standard in determining loan eligibility. But FICO scores only consider a few variables -- even the more sophisticated credit models often include no more than 30 data points -- which means lenders often make the wrong decision. Some creditworthy borrowers are rejected and some non-creditworthy borrowers are approved, both of which hurt profitability for lenders.
Source Fool.com
