Will Upstart Stock Hit $400 Again in 2022?

Investing in Upstart (NASDAQ: UPST) has been nothing short of a roller-coaster ride since its initial public offering last December. The shares were up 240% as of this writing despite falling about 60% from the all-time highs hit in October.

Operationally, the company -- which uses artificial intelligence to determine credit worthiness -- has been a great success, with rapid growth and an impressive rate of adoption. But is it realistic to believe that the shares could rebound in the next year from about $160 today to $400 -- where they traded in October? Although not out of the realm of possibility, I would be surprised if the shares reached their former peak in that time. Here's why.

Image source: Getty Images.

Source Fool.com