Reported 8 days ago
SoFi Technologies, a fintech company, has seen its stock drop significantly despite recent improvements in its business model and profitability, which could make it an appealing buy at under $10 per share. With a diversified portfolio and a banking charter earned through acquisitions, SoFi is benefiting from a declining interest rate environment, which may boost its lending and deposit growth. Although concerns about its credit portfolio remain, analysts forecast continued income growth, suggesting investors consider purchasing shares.
Source: YAHOO