Shares of SoFi Technologies (SOFI) are still up about 80% year-to-date in 2023, even after relinquishing some gains. Currently valued at a market cap of $7.67 billion, shares of the financial services company have easily outperformed the S&P 500 Index ($SPX). Nevertheless, SOFI remains 71% below its three-year high of $28.26.
Given that SoFi stock is currently priced at a steep discount to its three-year high, it is worth taking a look to see whether the fintech stock is a smart buy at the current valuation - or if investors should consider selling to secure profits.
