How can SoFi Technologies (NASDAQ:SOFI) stock go from hated in 2022 to loved in 2023? It’s all about central bank policy and the market’s expectations. In the end, SoFi Technologies will likely benefit from more accommodative monetary policy. However, the ultra-efficient market already knows this, and many of SoFi Technologies’ investors may have jumped the gun.
It’s encouraging to see SoFi Technologies evolve from a personal finance app to a legitimate, chartered bank. In the long run, SoFi’s investors will probably enjoy substantial returns. After a recent share-price rally, however, there’s no need to over-invest in SoFi Technologies.
This post appeared first on InvestorPlace.