Reported 2 days ago
Upstart's stock soared by 51% in 2024 as the AI-driven credit evaluation company shows signs of recovery after hitting lows due to rising interest rates. The company, known for its innovative use of machine learning in assessing credit risk, has faced challenges with reduced loan approvals affecting revenues. However, expectations of lower interest rates in 2025 and the robust performance of its approved loans hint at a potentially profitable future, despite the stock's current volatility and 85% dip from its peak.
Source: YAHOO