This Beaten-Down Growth Stock Is Growing Like Wildfire

By Jason Hall and Jeff Santoro – Nov 6, 2022 at 5:12AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$8B

Today's Change

(0.26%) $0.02

Current Price

$7.60

Price as of April 24, 2024, 4:00 p.m. ET

The worries about SoFi's student loans miss the fact that all of its other products are growing like crazy.

Online bank and financial services provider SoFi Technologies (SOFI 0.26%) just reported another very strong quarter, with big growth in revenue, customers, and use of its offerings. But the stock keeps falling. In this video, Motley Fool contributors Jason Hall and Jeff Santoro review the latest quarter and make the case for SoFi as a misunderstood growth stock that's becoming significantly undervalued.

*Stock prices used were the after-hours prices of Nov. 3, 2022. The video was published on Nov. 4, 2022.

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