Is SoFi Stock a Buy?
SoFi Technologies (NASDAQ: SOFI) stock has been volatile this year. It made progress on a comeback last year, doubling in price, but it's down 19% year to date as we close in on the last quarter of 2024.
Let's get into what SoFi's all about, why investors have been disappointed, and whether or not it's a good idea to buy right now.
SoFi started as a student loan cooperative, and as a young bank started by recent grads, it targets students and young professionals with a user interface that speaks their language. It was developed as an all-digital bank, and it offers high savings rates, low fees, and an easy-to-use platform that check the boxes for its young, digital-savvy clientele.
Source Fool.com
