SoFi Technologies Stock: Buy, Sell, or Hold?

SoFi Technologies (NASDAQ: SOFI), a provider of online financial services, went public by merging with a special purpose acquisition company (SPAC) on June 1, 2021. The combined company's stock opened at $21.97 on the first day, but it now only trades at about $11.Like many other SPAC-backed start-ups, SoFi lost its luster after it missed its own ambitious pre-merger forecasts. Rising interest rates and a moratorium on student loan payments also throttled the growth of its lending services. But as interest rates decline and the macro environment warms up again, is it the right time to buy, sell, or hold SoFi's stock?Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool