
Upstart Holdings (UPST) stock staged an impressive rally at the end of 2024, posting gains of 74% over the past 52 weeks and 105% over the past six months. However, in just the last month, shares of the AI-powered lending platform have faltered, giving up more than 34%.
The rise in Upstart stock earlier in 2024 followed strong financial performance and favorable macroeconomic trends, including three interest rate cuts by the Federal Reserve.