SoFi Technologies: Buy, Sell, or Hold?
The S&P 500 has been on fire, consistently reaching record highs and showcasing strong performance over the last two years. But when it comes to standout stocks, SoFi Technologies (NASDAQ: SOFI) has rocketed up by 261% since the beginning of 2023.
SoFi's ability to expand its customer base and grow revenue has set it apart. After achieving its first quarterly net income a year ago, the fintech has maintained a streak of profitability, delivering several consecutive quarters of solid earnings.
SoFi is reaping the rewards of higher interest rates, which have played a pivotal role in accelerating its customer growth. With multiple avenues for further expansion, the company is well positioned for continued success.
Source Fool.com
