SoFi Technologies Is On Sale Once More (Rating Upgrade)

2026-03-10 08:43:03 ET

Up until late November of last year, one financial company that I was bullish about was SoFi Technologies ( SOFI ). Conceptually, it is a fascinating business. And lately, growth achieved by the company has been extraordinary. During the time that I had been bullish about it, dating from December of 2023 until I subsequently downgraded it late last year, the stock generated upside for investors of 172.8%. This far surpassed the 39.7% increase that the S&P 500 saw over the same window of time. And even though the company was growing at a rapid pace, and that growth looked set to continue, I argued that further upside would be limited. Interestingly, the market seems to agree with me. In fact, since that article, the stock has plummeted, falling 32.8% while the S&P 500 is up 1.1%....

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