2023-06-27 08:10:00 ET
A popular investing strategy is to focus on businesses that have tremendous growth potential. The thinking behind this is that companies that can boost their sales at a fast clip over an extended period should produce stellar investment returns.
One company that might fit this description is Upstart (NASDAQ: UPST) . The tech-enabled lending platform has disruptive properties that investors are getting excited about partly because its addressable market opportunity is huge.
But keep in mind that although Upstart could rise 10-fold in the next decade, it's a very high-risk investment. Let's take a closer look at this fintech stock , which is down 92% from its peak price.
For further details see:
This High-Risk Growth Stock Could Rise 10-Fold in 10 Years