Reported 8 months ago
SoFi Technologies (NASDAQ: SOFI) shares currently trade about 74% below their all-time high but have risen by 48% since the start of 2023. The article discusses the bear case, highlighting the intense competition in the financial services industry and the risk associated with SoFi's lending book. On the other hand, the bullish case emphasizes SoFi's growth, lack of physical branches, recent positive net income reports, and attractive valuation with a price-to-sales ratio below the historical average. Overall, the article suggests that now might be a good time to invest in SoFi Technologies due to its growth potential and profitability outlook.
Source: YAHOO