Over the past year, Upstart (NASDAQ: UPST) has dealt with concerns about who would buy its loans. Castlelake, a global alternative investment manager, helped alleviate some of these worries when it promised to buy as much as $4 billion in consumer loans from Upstart in May. This vote of confidence triggered a rally of epic proportions, with the stock gaining almost 400% since its May low of $12, although it has since retreated a bit.

Upstart is a promising company with a bright future, but should investors consider taking some of their profits off the table now? Here's what you should know about the consumer lending market today.

Upstart got off to an incredible start following its public debut, with the stock rising from $22 per share to more than $400 in late 2021. The company uses artificial intelligence (AI) to upend consumer lending as we know it.

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Source Fool.com