Upstart is using AI to disrupt the lending industry and the company has barely tapped its $3 trillion addressable market.
A stock must increase 900% to generate a 10x return. Only 23 companies in the S&P 500 ( ^GSPC 0.51% ) accomplished that during the last decade. But Upstart Holdings ( UPST -18.07% ) more than tripled in value in the last year, and I think it could be a 10x investment over the next decade.
Here's what that implies for shareholders: Upstart currently trades at $79 per share and has a market value of $7.5 billion. The stock must increase 900% to $790 per share to achieve a 10x return. That would bring its market value to $750 billion.
Here's what investors should know about Upstart.
Upstart uses artificial intelligence to help banks lend money
Upstart