SOFI - Should SoFi Stock Investors Worry About This Little-Known Risk?
2024-05-12 05:40:00 ET
SoFi Technologies (NASDAQ: SOFI) just reported solid 2024 first-quarter results. Revenue jumped 37% year over year, and the digital-banking provider posted its second straight positive-net income. These are encouraging signs.
Nonetheless, the fintech stock remains about 72% off its peak price (as of May 6). Investors looking to score huge long-term returns might have their eyes on this business, especially as it has potential to continue growing sales and earnings over time.
But before you buy shares, you might want to understand this little-known risk SoFi faces.
For further details see:
Should SoFi Stock Investors Worry About This Little-Known Risk?