In this video, I will explain why SoFi Technologies (NASDAQ: SOFI) stock is back to where it was before it reported its first profitable quarter and excellent long-term guidance, which saw the stock soar 20% in a day.
*Stock prices used were from the trading day of Jan. 31, 2024. The video was published on Feb. 1, 2024.
Should you invest $1,000 in SoFi Technologies right now?
Before you buy stock in SoFi Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. The Stock Advisor service has more than tripled the return of S&P 500 since 2002*.
*Stock Advisor returns as of January 29, 2024
Neil Rozenbaum has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
SoFi Stock Plummets After Skyrocketing 20% on Monday. What Happened? was originally published by The Motley Fool
Source: finance.yahoo.com