SOFI - Here's 1 Cathie Wood Fintech Stock to Buy Hand Over Fist in December
2023-12-12 07:50:00 ET
Ark Invest Chief Executive Officer Cathie Wood is known for taking large positions in emerging technology companies and making bold predictions about how disruptive these businesses will be. When it comes to fintech stocks , Wood's buying patterns are making one thing clear: She really likes SoFi Technologies (NASDAQ: SOFI) .
SoFi falls under the category of a neobank. The company doesn't have physical brick-and-mortar locations akin to legacy players such as Wells Fargo . Instead, SoFi operates entirely online. While this digital approach to financial services may seem unconventional, it appears to be working.
Nevertheless, despite consistently solid earnings results, SoFi stock trades at rock-bottom levels. Let's dig into the company's operation and assess why the stock may be experiencing some depressed pricing action. Moreover, a thorough valuation analysis might suggest that Wood is on to something and that scooping up shares before 2024 could be a savvy move.
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Here's 1 Cathie Wood Fintech Stock to Buy Hand Over Fist in December