Although Upstart Holdings, Inc. (UPST) experienced a downturn due to heightened inflation and recession fears last year, the stock has rebounded impressively with over 300% gain year-to-date. Benefiting from better-than-expected inflation readings and the growing optimism surrounding the potential halt of the Fed’s rate increases despite strong job growth, financial stocks, including UPST, have seen a recent uptick.
Moreover, UPST has garnered significant investor attention with its AI-driven lending marketplace in this AI-hyped era and the news of securing multiple long-term funding agreements. However, it should be noted that Upstart Holdings is currently operating at a loss.
