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Here's How This Beaten-Down Artificial Intelligence Stock Could Turn $1,000 Into $10,000

TheMotleyFool

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Here's How This Beaten-Down Artificial Intelligence Stock Could Turn $1,000 Into $10,000: https://g.foolcdn.com/editorial/images/766312/mobile-app-loan-approval.jpg

In 2023, Upstart (NASDAQ: UPST) reported that revenue dropped 39% to $514 million while it posted a net loss of $240 million. This was due to its platform being used for much lower lending activity.

Thanks to its continuing struggles, the fintech stock hasn't won over investors. As of this writing, it's 94% below its all-time high, set in October 2021.

But there is a clear path for this artificial intelligence (AI)-powered lending business to reward shareholders. Here's how Upstart could become a 10-bagger in the next 15 years, turning an initial $1,000 investment into $10,000.

Source Fool.com

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