Is SoFi Stock a Buy?
SoFi Technologies (NASDAQ: SOFI) stock is finally back in the market's favor after declining for most of the year. SoFi doesn't fit neatly into a particular box; it's a bank, but not quite a bank stock. It's a tech-driven company, but a lot more. In some ways, it almost defines the fintech category, but it defies conventional labeling because its banking business provides a lot more stability than the classic fintech.
So it isn't surprising that the market doesn't always know what to make of it. It's been fairly volatile since its initial public offering, and that's happening now. After falling for most of 2024, it's doubled over the past three months.
There's a lot to unpack with SoFi. Let's jump in and try to make sense of the company and whether or not you should buy the stock now.
Source Fool.com
