Is SoFi Technologies Stock a Buy Now?
The market is becoming more optimistic about SoFi Technologies (NASDAQ: SOFI): As of Feb. 7, its shares had risen by 132% over the prior six months, and after trading mostly below $10 for about two and a half years, they're now changing hands at nearly $15.
The fintech stock is still 42% below its peak, but the company is on a solid footing. Does this mean SoFi is a worthy investment candidate now?
The financial services industry is massive. The U.S. alone has more than 4,000 banks, all offering a wide array of products that cater to individuals, corporations and institutions, and even governments. SoFi has successfully carved out a niche serving everyday consumers.
Source Fool.com
