Upstart Holdings (NASDAQ: UPST) stock moved 11% higher in November, according to data from S&P Global Market Intelligence. Its business is highly affected by interest rate trends, and the Federal Reserve paused rate increases and signaled that it felt the current policy was working in curtailing inflation without bringing about a recession. Upstart has been having a rough time since inflation started to balloon and the Fed began to raise rates.
Upstart found success during the pandemic with its AI-powered lending marketplace, connecting borrowers with lenders while assessing risk with its AI models. Upstart has improved its AI models and erased this performance deficit, but what happens the next time the economy shifts in a way it never has before? Credit scores are far from perfect for assessing risk, but it's unclear at this point whether Upstart's AI models will provide lenders a consistent advantage.
OLEAN, New York & SAN MATEO, Calif., November 29, 2023--High Point Federal Credit Union Selects Upstart for Personal Lending