Stocks

2 Potential High-Growth Stocks to Watch in 2024: PINS and UPST

Published February 5, 2024

Although the post-pandemic era has delivered its share of challenges to many stocks, a couple of promising contenders have weathered the storm, positioning themselves for potential explosive growth in 2024. Among these, PINS and UPST — Pinterest, Inc. and Upstart Holdings, Inc., respectively — stand out as growth stocks with significant upside potential, thanks to their robust business foundations.

A Closer Look at Pinterest Inc. PINS

Pinterest Inc. PINS, with its headquarters nestled in the heart of San Francisco, California, provides an unrivaled visual discovery engine that has captured the imagination and engagement of users both in the United States as well as globally. Despite facing a harsh market environment post-pandemic, Pinterest holds the promise of repurposing its unique platform to leverage its already vast user base and drive future growth, which could catapult its stock into a sharp ascent.

The Upstart Path of Upstart Holdings, Inc. UPST

On the other end of the spectrum, Upstart Holdings, Inc. UPST, located in San Mateo, California, is reshaping the lending industry with its pioneering cloud-based AI platform. Despite the economic headwinds that have buffeted the company since the pandemic's peak, Upstart's innovative approach to credit analysis heralds a new era of lending, suggesting the potential for the UPST stock to perform robustly and reward investors willing to bet on its data-driven future.

growth, stocks, potential