SOFI - Is SoFi Stock a Once-in-a-Generation Investment Opportunity While It's Below $10?
2024-06-01 02:21:00 ET
The advent of the internet and smartphones has created a sizable opportunity for newer businesses to try to disrupt their respective industries. When it comes to financial services, SoFi Technologies (NASDAQ: SOFI) is one such company that's finding success.
But this fintech stock hasn't been the best investment. Despite rising 51% since the start of 2023, shares are currently 73% below their February 2021 all-time high (as of this writing). Does this current setup, with the stock trading much lower than $10, make SoFi a once-in-a-generation investment opportunity?
SoFi has evolved from just a refinancer of student loans to a more comprehensive digital banking provider. Customers can open checking and savings accounts, invest in stocks or cryptocurrencies, and even apply for a mortgage all without leaving the platform.
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Is SoFi Stock a Once-in-a-Generation Investment Opportunity While It's Below $10?