Will SoFi Hit $30 in 2022?
It has been a fairly volatile ride for the one-stop financial services company SoFi Technologies (NASDAQ: SOFI), which went public through a blank check company and started trading independently in June. Shares of SoFi crossed into the mid-$20s at one point earlier this year before they were formally trading on their own, but have since been beaten down in the broader fintech sell-off. At recent prices, SoFi trades around $15 per share. Can the stock more than double from here and hit $30 per share in 2022? Let's take a look.
If you asked me to assess the state of SoFi's business, I'd say things are looking pretty good. After a less-than-thrilling second quarter, it rebounded in the third, with a roughly $30 million net loss but strong revenue of roughly $272 million.
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Source Fool.com
