This Is the Fintech Stock I'd Buy Next, and Soon
SoFi Technologies' recent pullback makes sense, but it overlooks a slew of bullish signs.
Overview
The 40% pullback in SoFi Technologies (NASDAQ: SOFI) from last October's peak -- followed by its stagnation since March -- makes enough superficial sense. The company delivered the bad news it was expected to deliver.
But as is so often the case, the sellers arguably overshot their target by pricing in all of the bad news -- and then some -- while ignoring much of the bigger bullish picture. Here's why the stock is a buy this month.
Details
SoFi Technologies is an online bank that offers checking, savings, credit cards, loans, and everything else you might expect from a traditional brick-and-mortar bank. But it doesn't manage any brick-and-mortar branches -- it's an entirely online, self-service bank that also provides its back-end technology platform to third parties.
Source
Originally published at www.fool.com.