Reported 2 days ago
Upstart's stock has had significant fluctuations since its IPO, reaching a high of $390 in October 2021 before dropping to $12.40 at the end of 2022. Currently trading around $59, analysts see potential growth as interest rates decline and new products are launched, leading Wall Street to set a price target of $100. The company's innovative AI-driven lending model is showing recovery in loan origination and revenue, suggesting it could be a worthwhile investment despite anticipated volatility.
Source: YAHOO