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Is SoFi Technologies Stock a Buy Now?

TheMotleyFool

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The market is becoming more optimistic about SoFi Technologies (NASDAQ: SOFI): As of Feb. 7, its shares had risen by 132% over the prior six months, and after trading mostly below $10 for about two and a half years, they're now changing hands at nearly $15.

The fintech stock is still 42% below its peak, but the company is on a solid footing. Does this mean SoFi is a worthy investment candidate now?

The financial services industry is massive. The U.S. alone has more than 4,000 banks, all offering a wide array of products that cater to individuals, corporations and institutions, and even governments. SoFi has successfully carved out a niche serving everyday consumers.

Source Fool.com

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