Hedge fund manager Eric Jackson believes that Upstart, an AI lending platform, has the potential to be his next successful tech investment. According to Jackson, Upstart is positioning itself well to benefit from upcoming rate cuts and is showing positive signs of improvement in its financial performance.
Jackson highlighted Upstart’s strong earnings, low delinquency rates, and projected revenue growth as reasons for his optimism. He pointed out that the last time Upstart provided a similar revenue forecast, the stock doubled in value. Despite experiencing significant volatility since going public in December 2020, Upstart has shown resilience and potential for growth.
Investors may want to keep an eye on Upstart as it works towards establishing a more stable financial position and capitalizing on the opportunities presented by the changing economic landscape. Jackson’s track record of successful predictions, such as with Carvana, adds credibility to his bullish outlook on Upstart.
While Upstart has faced challenges in the past, its ability to adapt to market conditions and focus on growth and profitability could drive its stock price higher in the future. With the support of Jackson and positive indicators in its financial performance, Upstart is a stock worth watching for investors interested in AI and tech opportunities.
