https://www.fool.com/investing/2022/02/01/growth-stock-down-…
Main Point: Six Wall Street analysts have a buy rating on Upstart stock, but one in particular predicts a 268% gain.
In the modern economy, accounting for alternative metrics like a borrower’s schooling or employment history can provide a more well-rounded view of their ability to repay a loan. But until advanced tech like artificial intelligence came along, there was no way to assess all of this data efficiently. But the evidence is clear: Upstart’s approach results in 75% fewer defaults, and at least one bank has abandoned FICO scores entirely in favor of Upstart.