This 1 Meme Stock Has Legitimate Long-Term Upside
Meme stocks drew the attention of the investment world during the pandemic, when shares of what looked like financially unsound businesses would attract tons of interest on social media and skyrocket in price in no time. AMC Entertainment and GameStop were the original starters of this craze.
But while these companies are usually not of the highest quality, not all meme stocks should be completely written off. In fact, some of them have the potential to be solid long-term investments. SoFi Technologies (NASDAQ: SOFI) is one such business, and this fintech stock has legitimate upside.
In the ridiculously competitive banking industry, SoFi has found a way to stand out thanks to its online-only offering. The company operates no brick-and-mortar branches like JPMorgan Chase, Bank of America, and Capital One, for example. The business was built with technology as a key focus from the start, and this has provided consumers with a better user experience, one in which handling finances is more seamless and frictionless.
Source Fool.com
