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Barchart
Mohit Oberoi

SoFi Stock Is a Table Pounder at $25: Here’s Why You Should Buy The Dip

SOFI

Thanks to the recent selloff in tech and artificial intelligence (AI) plays, some of the quality stocks have fallen to attractive levels. Among them is SoFi (SOFI), which has shed over 20% from its peaks and is in bear market territory.

To be sure, the stock’s valuations had started to look a bit stretched at price levels above $30, and as I noted in my previous article, I used the rally to exit the bulk of my positions. However, as SOFI stock has now fallen amid the market selloff, I capitalized on the opportunity to add more shares. Here’s why I find SOFI stock a table pounder near $25 price levels.

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