Upstart stock jumped 51% in 2024, but company is still 85% off its highs.

From Nasdaq: 2025-01-12 17:15:45

Shares of Upstart (NASDAQ: UPST) stock surged 51% in 2024, but the AI credit evaluation company is still 85% off its highs. Upstart uses AI and machine learning to evaluate credit risk, helping lenders make better decisions. However, higher interest rates have led to lower loan approvals and revenue, resulting in losses. Despite a market opportunity of over $3 trillion, Upstart mainly partners with smaller credit unions. The stock trades at 9 times trailing-12-month sales, making it suitable for highly risk-tolerant investors only. Consider other top stock picks for potential higher returns.



Read more at Nasdaq: Why Upstart Stock Jumped 51% in 2024