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Jim Cramer Weighs In on SoFi’s (SOFI) $16–$19 Range
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Yahoo Finance
The long-term shareholder asked whether host Jim Cramer maintains a positive outlook on the company despite its stagnant price action.
Cramer responded:Okay, look, SoFi, Robinhood, a bunch of these fintech companies have kind of been in the doldrums, as people said, "You know what?
Jim Cramer Weighs In on SoFi’s (SOFI) $16–$19 RangeNavigating the $16–$19 Trading BandSoFi Technologies, Inc.'s (NASDAQ:SOFI) six-month range-bound pattern between $16 and $19 reflects a digestion period following prior expansion waves.
By advising investors to "take your time" and confirming that he "would own it," Cramer emphasized that SoFi Technologies, Inc.'s (NASDAQ:SOFI) long-term growth thesis remains intact.
SoFi Technologies, Inc.'s (NASDAQ:SOFI) financial services productivity loop gained further traction, with existing members opening 51% of new products added during the quarter.