Here's Why SoFi Technologies Can Outperform the Rest of the Lending Industry
When Sofi Technologies' (NASDAQ: SOFI) stock first came public in June 2021, investors were very impressed by this disruptive fintech company. That view helped push the company's stock as high as $24.65 a share. As concerns about excess inflation grow, however, SoFi's stock has taken a tumble and now trades at $6.25 a share.
Is that steep stock price decline a sign that investors should bail from SoFi's stock? Or is it an opportunity to buy stock in this revolutionary lender at a discount? I think it's the latter and I have at least two reasons why SoFi Technologies stock can outperform the lending industry going forward.
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Source Fool.com
