Shares of Millennial-loved fintech darling SoFi Technologies (NASDAQ:SOFI) have been steadily trending lower of late, with shares down around 32% from recent 52-week highs. Despite the ominous stock chart, many upbeat analysts still believe the stock’s a tempting dip buy at current levels. The fintech bubble may have burst two years ago, but SoFi seems like one of the industry players poised to rise from the rubble.
Indeed, the company’s recent quarterly earnings beat is encouraging, as too are comments made by its CEO Anthony Noto in a recent sitdown with Mad Money host Jim Cramer, who noted SoFi is stealing market share from the big banks. Targeting the big banks could mean big growth opportunities to be had for the $7.26 billion firm that rose to fame for its student loan services.
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