1 Growth Stock Set to Win Big in 2022
Fintech stocks have been hit hard in 2021, with many stocks like PayPal (NASDAQ: PYPL) and Robinhood (NASDAQ: HOOD) falling more than 38% off their all-time highs. Even established companies like Block (NYSE: SQ) have fallen 40% off their highs as of this writing.
Popular fintech and lending platform SoFi Technologies (NASDAQ: SOFI) has been no exception, declining 41% from its record high. It now trades at an all-time low of just 12 times sales. This dismal stock performance is not indicative of SoFi's business performance, however. The company has been seeing lots of growth while making strides to improve its business, turning it into a very appealing stock. Here's why I think SoFi could win big in 2022.
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Source Fool.com
