3 Things You Need to Know If You Buy Upstart Stock Today
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Upstart (NASDAQ: UPST) has been on a major upswing as of late. Since early August, shares of this artificial intelligence (AI)-powered lending platform have skyrocketed 92% (as of Dec. 11), driven by seriously improving market sentiment.While that gain makes this fintech stock a better performer than the Nasdaq Composite Index, Upstart still trades an alarming 80% below its all-time high from late 2021. If you're considering buying the dip, take the time to know these three things about Upstart first.Upstart has developed an AI model that analyzes 1,600 different variables about potential borrowers. This helps to set an interest rate to charge, while also assessing their ability to repay a loan. Using technology to improve the lending experience is the name of the game of Upstart. An impressive 91% of its loan originations were fully automated in the third quarter (ended Sept. 30).Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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