Upstart is an AI fintech company that deals in credit. The stock has rallied over 600% YTD and the financials should outstanding growth.

Upstart Inc (NASDAQ "UPST") is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness. The stock has done extremely well over the last year rising about 630% YTD.

From a financial aspect, the stock is mixed. Total market capitalisation is $25.5bn with 2020 revenue at $233.41m. Looking into this year if numbers continue revenue will be about $630 with a profit after tax of $80m. The balance sheet is also good, total cash on hand in the most recent quarter was $617m with total assets at $904m. Total liabilities were minor at $188m, giving Upstart a L/A ratio of 20.7%, which is very low (A good thing).

From a technical aspect, the stock is well supported. A strong trendline sits below with support at $310. A break below here could take the stock towards $300. As the stop stays up (as it is right now) the moving averages will also climb aiding further support. A break below $300 could see the stock test the 50EMA at about $250. To the upside, initial targets are $345 followed by $350 and then $370 in extension.

Overall this is a risky stock because with a valuation of $25bn one could argue it's got a hefty price tag based on the financials and if the market as a whole pullback Upstarts stock could be heavily damaged. However, like affirm, it's in an industry that is growing and only going to get bigger. This year's financials are also showing exponential growth and profitability at the same time.