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Barchart
Barchart
Sushree Mohanty

Should You Buy Upstart Stock Before It Hits $100?

Upstart Stock fintech United States Upstart Holdings

As digital finance continues to grow rapidly, the popularity of companies that combine finance and technology (fintech) is improving. Fintech companies are leveraging artificial intelligence (AI) to improve traditional finance methods. One such fintech company that has soared an impressive 73% in the year to date is Upstart Holdings (UPST). 

What is Upstart? Its AI-powered lending platform collaborates with banks and credit unions to assess creditworthiness before providing loans and other services. Since its IPO in 2020, the company has drawn investors due to its disruptive nature. However, macroeconomic challenges in 2024, such as interest rate fluctuations, caused a rough start to the year.

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