1 High Conviction Growth Stock Down Over 70% to Buy Now

Shortly after SoFi Technologies' (NASDAQ: SOFI) stock market debut in 2021, its share price more than doubled. Investors were responding to stellar results from the financial technology company and its rapidly growing consumer banking business.

Over the past couple of years, its performance has been nothing short of spectacular, but you wouldn't know it by looking at its stock chart. Its shares are about 74% below the high-water mark they touched last fall.

SoFi's share price may have gotten a little bit ahead of itself last year, but the company's business is stronger than ever. Here's why it's a high-growth stock that you can buy and hold with confidence.

Source Fool.com