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Where Will Upstart Be In 10 Years?

TheMotleyFool

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Upstart Holdings (NASDAQ: UPST) stock has taken investors on a rollercoaster ride since its public listing in December 2020. It hit the market at $20 per share then, before rocketing higher by over 2,000% to an all-time high of $401 by October 2021.

But amid rising interest rates and the broader tech sell-off, Upstart stock has since collapsed by 90% from those lofty heights, to $38 today.

The company uses artificial intelligence (AI) to originate loans for banks, and it's working to access a multi-trillion-dollar opportunity as lenders look for faster, more accurate assessment tools after using Fair Isaac's (NYSE: FICO) FICO credit scoring system for the last 33 years.

Source Fool.com

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