SoFi Technologies expects growth driven by diversification, bank charter, and low interest rates, despite a 20% stock decline.
SoFi Technologies (NASDAQ: SOFI) is poised for potential growth over the next five years, driven by diversification beyond lending and expected decreases in interest rates. Despite a 20% stock decline this year, SoFi's non-lending segments, like banking and investments, are expanding rapidly, contributing to profitability. With a strong deposit base and a recent banking charter, the company aims to enhance its financial resilience. Investors may find current stock prices below $10 attractive.
September 29, 2024
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