Please ensure Javascript is enabled for purposes of website accessibility

1 Growth Fintech Stock to Have Conviction In

By Jason Hall - Jun 26, 2022 at 12:43PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Here's why SoFi's stock price looks like an opportunity.

For growth stock enthusiasts, SoFi (SOFI 5.68%) might fit the bill in terms of upside potential at a compelling price. In this clip from "The Future of Fintech" on Motley Fool Live, recorded on June 16, Motley Fool contributor Jason Hall discusses why he has strong conviction in SoFi.

Jason Hall: I think the price is very compelling. I think for anybody who is looking to own a really growth-y bank, I think SoFi is really compelling. But for me, the reason I ranked it where I did, is because it's becoming "prove it" time. This is a business that they've built the nuts and the bolts. This is the infrastructure of what they wanted to deliver the results they wanted. They own a bank. They have more control over their future because of that. They've added all of these products. Now it's time to start generating the economic results of its growth. The balance sheet is in good shape. I'm in "prove it" mode and seeing whether the sum of all of the parts truly is greater. That, for me, is where I am. For the record, this is my second largest bank holding on cost basis. I have a lot of conviction here.

Jason Hall has positions in SoFi Technologies, Inc. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

SoFi Technologies, Inc. Stock Quote
SoFi Technologies, Inc.
$7.81 (5.68%) $0.42

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 08/11/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.