Where Will SoFi Stock Be in 5 Years?
SoFi Technologies' (NASDAQ: SOFI) business has consistently grown since going public in 2020. You can't say the same about its stock price. SoFi stock has trailed the market since its debut, posting a 46% total return compared to 77% for S&P 500 index holders. For years now, the share price has underperformed index funds, which is likely frustrating investors.
The underlying business has grown much quicker. Revenue is up a cumulative 263%, making it one of the fastest-growing companies in public markets since its stock began trading. Does this fast growth and stock price underperformance make SoFi a buy today? Where will it be in five years? It's time to take a closer look at this financial technology (fintech) disruptor and see whether it belongs in your portfolio today.
SoFi began in 2011 as a student loan marketplace at Stanford, and eventually got its business started in student loan refinancing. Today, it has evolved into an all-in-one mobile application for your personal financial needs.
Source Fool.com
