Reported 7 months ago
SoFi Technologies (NASDAQ: SOFI) stock has been volatile, doubling in 2023 but down 30% in 2024. Despite strong financial performance and expansion into new services, such as banking and technology platforms, Wall Street is bearish due to concerns about its lending business under pressure in a high-interest-rate environment. However, SoFi's profitability and growth potential make it an attractive investment opportunity for forward-thinking investors as it establishes itself as a financial industry powerhouse.
Source: YAHOO