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Will Upstart's Stock Hit $45 in 2023?

Will Upstart's Stock Hit $45 in 2023?

The artificial intelligence-assisted lending platform Upstart (NASDAQ: UPST) has gone from trading at all-time highs in 2021, when shares hit nearly $400, to all-time lows, with shares trading below $18. High inflation, followed by rapidly rising interest rates, has disrupted a key part of Upstart's business model, making formerly enthusiastic investors reverse course. What went wrong for Upstart?