Upstart (UPST -1.25%) has the potential to deliver massive gains in the future if it can prove its model. In this clip from "The Future of Fintech" on Motley Fool Live, recorded on June 16, Motley Fool contributor Will Healy makes the case for Upstart as a long-term investment, and reveals why he recently added to it.
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Will Healy: I really like this business despite the fact that interest rates are rising, and that is going to slow down the growth rate, but they're making up for that by the fact that they're going into auto loans, which is so much bigger of a world than personal loans, or they had gone into auto loans. They are expanding into other loan types as well. You can dig them for the fact that they're not going to have as the loan applications, so the growth is going to slow, but the stock is down more than 90% too. The reason why I probably didn't rank it No. 1 is the model still needs to prove itself, but if that model proves itself, this can deliver huge returns over time.
