Down 20% After Excellent Earnings, Could SoFi Be a Massive Long-Term Opportunity?

By Matt Frankel – May 5, 2023 at 6:17AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$8B

Today's Change

(1.97%) $0.14

Current Price

$7.25

Price as of April 22, 2024, 4:00 p.m. ET

The banking disruptor reported stellar revenue, loan, and deposit growth in a very challenging economic climate.

SoFi (SOFI 1.97%) recently reported its first-quarter earnings, and now that the market has had time to digest the results, the stock has fallen sharply. But were SoFi's results really that bad, or is this an excellent opportunity for patient long-term investors?

*Stock prices used were the afternoon prices of May 2, 2023. The video was published on May 2, 2023.

Matthew Frankel, CFP® has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

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