1 Big Reason Upstart Could Be a 10X Stock Within a Decade

After a few years of plunging loan volume and a lack of profitability, Upstart (NASDAQ: UPST) has done an excellent job of turning things around. The lending technology company is now in full growth mode once again, and management expects to exceed $1 billion in revenue in 2025 for the first time ever.To be sure, Upstart's core personal loan business is impressive. The company continues to add bank partners and now plays a role in originating a double-digit percentage of U.S. personal loan volume. Plus, now that it's a more established company and has been through a bear market and economic turbulence, there is now some great data that indicates Upstart's methodology does indeed do a better job of predicting risk than the traditional FICO model alone.Upstart's personal loan vertical certainly still has serious growth potential. That's apparent in the recent numbers. Plus, if interest rates fall over the next couple of years like most experts predict, it could cause overall personal loan volume to surge.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool