Better Fintech Stock: Upstart vs. SoFi
Some of the newer financial technology stocks (or fintechs) have endured wide-ranging interest rates, making for a wild ride. Upstart Holdings (NASDAQ: UPST) and SoFi Technologies (NASDAQ: SOFI) went public between 2020 and 2021 amid zero-percent interest rates intended to buoy the U.S. economy during the coronavirus epidemic.
However, these rates ultimately inflated a stock market bubble that popped once the Fed aggressively raised rates to combat post-pandemic inflation. Today, both stocks remain well below their former highs.
Early-stage growing companies like these are never easy to gauge, and the volatile economy has only added to the challenge. So, which fintech stock is the better buy for the future?
Source Fool.com
