AI Stock Poised for Potential Doubling by 2028
Upstart Holdings (UPST), a smaller AI-based lending platform, has shown significant growth potential over the next three years, according to a recent stock price forecast. As of August 24, 2025, the predicted price for September 2025 starts around $72.17, with a range between approximately $60.55 and $81.70. By December 2028, the forecast has UPST stock averaging roughly $243.14, with an expected closing price near $247.77—representing an approximate 8.1% month-over-month increase at that time.
Despite a slowdown in growth when interest rates were raised, Upstart has made substantial progress in the second quarter. Revenue more than doubled, and transaction volume increased by 159%. The company's AI-driven model approves loans at 36% lower rates, putting more money to work for lenders and providing borrowers with greater financial freedom.
However, concerns persist about Upstart holding too many loans on its books and the health of its funding pipeline. The market is also wary of a potential lowering of full-year net interest income. To address these concerns, Upstart has reduced its workforce by 66% and has halved customer acquisition costs while sales have grown fivefold.
Upstart operates in a market worth $25 trillion globally, with at least $1 trillion going to those who originate and service the credit. The company's AI-driven platform offers nearly instant approvals, making it a promising contender in this vast market.
The market for AI is rapidly expanding, changing how people do nearly everything. Companies like Nvidia and Palantir Technologies have seen significant growth, with increases of 36% and 147% respectively. If Upstart manages a compound annual growth rate of 30% over the next three years, revenue would more than double.
Investor confidence in Upstart seems to be growing, with the stock price forecast pointing towards strong growth from the current ~$69 level (as of late August 2025) towards the $240+ mark by late 2028. However, projections for early 2029 suggest some fluctuations and mild declines, with January 2029 prices averaging $226.80 and March 2029 ending around $183.01 after a notable decrease.
This growth points to increasing investor confidence and potentially strong business performance or market expectations for Upstart's expansion in its lending and AI-driven credit platforms over the medium term. However, it is crucial to consider these numeric price forecasts alongside fundamental analyses like earnings, market conditions, competition, and regulatory environment for a fuller growth potential assessment.
[1] The forecast fluctuations and declines in early 2029 are based on current market conditions and technical outlook and may change as new information becomes available.
- The AI-based lending platform Upstart Holdings (UPST) is anticipated to witness a significant growth potential, with the stock price forecast predicting an average of $243.14 by December 2028.
- Despite concerns about Upstart holding excessive loans and the health of its funding pipeline, the company has taken steps to address these issues, such as reducing its workforce and decreasing customer acquisition costs.
- The market for AI is expanding rapidly, and Upstart, with its AI-driven platform, operates in a global market worth $25 trillion, positioning it as a promising contender in this vast industry.
- If Upstart achieves a compound annual growth rate of 30% over the next three years, the company's revenue could more than double, similar to the growth patterns observed in tech giants like Nvidia and Palantir Technologies.
