SOFI - 1 Under-the-Radar Growth Stock to Buy and Hold
2024-01-03 05:27:00 ET
Banking, the simple business of lending someone money and being paid back with interest, is one of humankind's oldest industries. It provides a foundation for the modern economy. As a result, the world's largest banks have grown to be worth hundreds of billions of dollars.
Because the industry is so large, with thousands of banking companies (and hundreds of bank stocks) to potentially follow, it's easy to lose track of the progress an up-and-comer like SoFi Technologies (NASDAQ: SOFI) has made since going public a few years ago. The stock has had its ups and downs, slowly trudged higher over the past 18 months. Still, its stock price remains down over 50% from its former high.
While the stock is still recovering, SoFi's business is far better off these days. Here's why investors should consider pouncing on SoFi stock before Wall Street comes to its senses.
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1 Under-the-Radar Growth Stock to Buy and Hold