Reported about 1 month ago
SoFi Technologies (NASDAQ: SOFI) has seen its stock drop 61% from its all-time high in 2021, yet it remains a compelling investment option. The digital banking platform has rapidly grown its customer base, bolstered by its acquisition of payments fintech Galileo, which enhances its technological capabilities. With a potential rebound in the student loan sector and a transition towards fee-based revenue models, SoFi's earnings could witness significant growth, projected at 51% annually over the next few years. As the company strengthens its market position, it presents a long-term hold opportunity for investors.
Source: YAHOO