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Upstart Made Some Improvements, But There's Much to Be Desired

Bram Berkowitz, The Motley Fool
·5 min read
Upstart Made Some Improvements, But There's Much to Be Desired

After reporting its first-quarter results, the artificial intelligence-assisted lender Upstart (NASDAQ: UPST) has seen its stock rally after providing improved guidance and making some improvements to its business model. Upstart has developed algorithms that it believes can better assess credit quality than traditional loan underwriting methods. In doing so, the company can deliver better loan terms for near-prime borrowers while helping financial institutions find new creditworthy borrowers that they would have never found otherwise.

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