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AI-Lending Platform Upstart Might Finally Be A Buy Again
The new cycle of monetary easing a key catalyst
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One of the most volatile tech names on the market has staged an impressive comeback this year. Shares of Upstart ($UPST), the AI-lending platform, are currently trading at 52-week highs, up nearly 140% since early August.
The company’s most recent earnings report and the new cycle of monetary easing have been the main catalysts that have sent the stock soaring. As we saw in the most recent Upstart newsletter more than a year ago, this company, while risky, would manage to turn things around once the macro environment improved. Fast forward to today, and we’re observing this scenario unfold. UPST stock is still worth buying for risk-tolerant investors, as more gains may lie ahead. Here’s why.