Where Will SoFi Stock Be in 5 Years?
After an initial phase of high ups and downs, SoFi Technologies (NASDAQ: SOFI) has been on a roll, and the stock is up 120% over the past year. That's a phenomenal gain, and somewhat surprising, given that it was much lower for most of last year.
Like any new stock, and really any stock at all, its business was impacted by macroeconomic volatility, and its recent improvement is also due to the external tailwinds of lower interest rates. No one can know what kind of world events could affect its business over the next five years, but given some more ups and downs, and knowing that the economy tends to do well more often than not, let's see where SoFi might be in five years from now.
Something the online bank has done consistently since it went public a few years ago is grow its revenue and user base at a high rate. Sales growth has decelerated as the company grows, but it's firmly in the double digits, and it has added millions of users.
Source Fool.com
