Upstart Holdings Stock News

Artificial intelligence (AI) has propelled stocks to monster gains over the last two years, starting with the launch of OpenAI's ChatGPT. By now, investors are well aware of breakout stories like Nvidia and Palantir Technologies that have been early to capitalize on the boom, but there are likely to be plenty of other winners from the new technology.

My previous call to rate Upstart Holdings, Inc. stock a “buy” two years ago has played out incredibly well. Despite a significant decline in revenue and profitability from 2021 to 2023, signs of recovery are emerging as loan volumes increase. The company's future looks promising, with a vast market opportunity of $3.12 trillion in annual loan originations across various sectors.

These innovators are expected to increase revenue at multiples of expected growth rates for the S&P 500.

Stocks are set to close out 2024 with one of their best performances this century.

Upstart (UPST 9.57%) 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.

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE: SF), announces the upcoming index rebalancing for the fourth quarter of 2024.

Artificial intelligence (AI) lending stock Upstart Holdings Inc (NASDAQ:UPST) is surging today, up 9.2% at $84.20 at last glance, following an upgrade from Needham to "buy" from "hold.

The artificial intelligence (AI) lending platform is developing new markets for its innovative products.