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Upstart Crushed the Stock Market This Year. Will We See a Repeat Performance in 2024?

TheMotleyFool

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Upstart Crushed the Stock Market This Year. Will We See a Repeat Performance in 2024?: https://g.foolcdn.com/editorial/images/757947/2024-stock-chart.jpg

Upstart (NASDAQ: UPST), a lending platform powered by artificial intelligence (AI), has been on a wild ride since going public a few years ago. The stock climbed from $20 to nearly $400, only to fall as low as $12 earlier this year.

But shares have rallied furiously since hitting that low and are now poised to finish 2023 up more than 100%, beating the broader market. What does that portend for 2024? Will the stock fall back into the pit of despair or continue its ascension?

Here is why investors might like what Upstart has in store for 2024.

Source Fool.com

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