Upstart Holdings (NASDAQ: UPST) is an explosive financial technology company that uses artificial intelligence (AI) to originate loans for banks. Its goal is to replace the much narrower FICO (NYSE: FICO) credit scoring system to provide a fairer lending experience to potential borrowers.
After reaching an all-time high of $401 per share in 2021, Upstart stock has progressively fallen, at one point by as much as 93% since. Investors took particular issue with the company's recent Q1 2022 earnings report, sending the stock down more than 50% on the day results were released. Let's explore the details.
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For further details see:
3 Big Reasons to Buy Upstart on the Dip