How Massive Is SoFi's Runway for Growth?

By Parkev Tatevosian, CFA – May 31, 2023 at 7:00AM

NASDAQ: SOFI

SoFi Technologies

Market Cap

$8B

Today's Change

(1.59%) $0.12

Current Price

$7.37

Price as of April 23, 2024, 9:42 a.m. ET

SoFi is expanding its deposit base by billions every quarter.

Fool.com contributor and finance professor Parkev Tatevosian considers how much further SoFi (SOFI 1.59%) can grow before hitting a ceiling.

*Stock prices used were the afternoon prices of May 27, 2023. The video was published on May 29, 2023.

Parkev Tatevosian, CFA 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.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.