SoFi Technologies Stock: Buy, Sell, or Hold?
SoFi Technologies (NASDAQ: SOFI) has had a tough go of it since going public in late 2020. Although the fintech has achieved solid top-line growth for several years, the stock price is down 75% from its all-time high, and today, it sits 42% below its 52-week high.
The company has diversified its business over the past several years, and its growth provides investors with reasons to feel bullish about its long-term growth prospects. However, investors must also consider the macroeconomic backdrop and ongoing changes to its business amid its transitional year. If you own or are thinking of investing in SoFi stock, you'll want to consider the following.
When SoFi first started, it was laser-focused on helping people refinance and consolidate their student loan debt. Over the years, SoFi has expanded its service offerings beyond student loans into personal lending, banking, and providing solutions for financial technology companies.
Source Fool.com
