This Stock Is Up 160% This Year and Has More Room to Skyrocket
After a horrific 2022, Upstart (NASDAQ: UPST) shareholders have had a good run in 2023, as the stock is up around 160%. To many investors, 160% is way more than should ever be expected for a stock in a year, but it looks like it's just the beginning in Upstart's case.
So should you invest in Upstart now? Or is there not much left to run? Let's find out.
Upstart was an early adapter in using artificial intelligence (AI) in its platform. Its product focuses on assessing creditworthiness and uses alternative measures to analyze a consumer's likeliness to default on loans. By using AI to assess the user, Upstart promises its clients more approved loans with a lower default rate, a win-win for lenders.
Source Fool.com
