#5 - SoFi Technologies (NASDAQ:SOFI)
SoFi Technologies Inc. (NASDAQ: SOFI) is perpetually on a list of stocks being sold short. The company's current short interest is at 19%. The company is one of the leading fintech companies and came to national prominence because of its dominance in the student loan market. That's been one headwind for the company as loan repayments were paused in 2020. Now, there's concern over the Biden administration's machinations to have student loan debt forgiven for millions of borrowers.
On the other hand, SoFi got its banking charter in 2022, and the company continues to grow its customer base. Plus, the company just posted its first profitable quarter.
Still, short interest remains high, and analysts are concerned about the company's portfolio of personal loans, which has expanded sharply since 2022. Nevertheless, SoFI is at the forefront of a changing banking industry and has access to the coveted Gen-Z demographic that is leading that transition.
About SoFi Technologies
SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.
Read More - Current Price
- $8.63
- Consensus Rating
- Hold
- Ratings Breakdown
- 5 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $9.08 (5.2% Upside)
