Upstart Holdings Inc. (UPST) Counters Unreliable and Predatory Credit Lines with Cash Line

Upstart Holdings Inc. (NASDAQ:UPST) is one of the AI stocks that will go to the moon. On February 17, Upstart Holdings Inc. (NASDAQ:UPST) unveiled a new line of credit, Cash Line, designed to provide customers with access to funds as needed.

Cash Line is designed as an alternative to the unreliable and often predatory short-term options available in the market. It comes with a guaranteed minimum of $200 for all approved customers. It also offers a line of credit of up to $ 5,000, five times more than other players in the industry. It also stands out because it does not charge any extra fees for expedited access. It also comes with a Rest Mode that allows consumers to control their repayment schedule.

“Cash Line is Upstart’s next great leap toward always-on credit for every American,” said Dave Girouard, co-founder and CEO of Upstart. “We are rapidly building a one-stop shop for all flavors of credit where guaranteed best rates are available 24/7 in a matter of minutes. Cash Line offers reliable access to money in the moments that matter the most.”

Earlier, on February 13, Goldman Sachs upgraded Upstart to Neutral from Sell and set a $35 price target. According to the investment bank, the stock has underperformed significantly, creating a more balanced risk-reward profile for investors.

Upstart Holdings Inc. (NASDAQ:UPST) is a cloud-based artificial intelligence (AI) lending marketplace that partners with banks and credit unions to provide consumer loans. Founded in 2012 by former Google employees, the company aims to improve access to affordable credit while reducing the risk and costs of lending for its partners.

While we acknowledge the potential of UPST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.