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5 Reasons to Buy SoFi Stock Right Now

TheMotleyFool

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5 Reasons to Buy SoFi Stock Right Now: https://g.foolcdn.com/editorial/images/765447/students-looking-at-their-phones.jpg

Investors can't make up their minds about SoFi Technologies (NASDAQ: SOFI) stock. It soared after a fantastic quarterly report and then immediately tumbled.

But while there's certainly risk with a fairly young company that's yet to truly disrupt traditional banking, there are many reasons to be confident about SoFi's future. Here are five of them.

SoFi was reporting some truly incredible growth rates for a while, but they've decelerated in the high-interest-rate environment. Revenue growth is still strong and steady, accelerating to a 35% year-over-year increase in the 2023 fourth quarter.

Source Fool.com

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