Investing in Underperforming Fintech Stocks: SoFi Technologies and StoneCo Analysis

Thursday, 21 March 2024, 11:10

Investors looking for potential stock bargains in the fintech industry should consider SoFi Technologies and StoneCo. While these stocks have experienced significant drops, their recent momentum and growth potential present opportunities for long-term gains. SoFi demonstrates robust growth and profitability, while StoneCo shows promise in payment processing and recovery strategies, making them worth considering investments for those seeking high-potential fintech stocks.
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Investing in Underperforming Fintech Stocks: SoFi Technologies and StoneCo Analysis

Overview

Looking for great stock deals in today's bull market? This overlooked industry is home to explosive opportunities. While the stock market is broadly enjoying strong bullish momentum right now, not every industry has been an equal participant in the rally. In particular, financial technology (fintech) stocks have been underperforming -- and many continue to trade down precipitously from highs reached within the past few years.

SoFi Technologies Analysis

  • Stock down 26% this year and 73% from its high
  • Revenue increased by 35% in Q4
  • Adjusted EBITDA increased by 159% in Q4
  • Profit of $48 million reported in Q4
  • Added 585,000 new accounts in Q4

StoneCo Analysis

  • Stock down 6% this year and 83% from its high
  • Total payment transaction volume increased by 20% in Q4
  • Revenue rose by 20% in Q4
  • Non-GAAP net income rose by 177% in Q4

Investing in SoFi Technologies and StoneCo could offer attractive returns for investors willing to capitalize on their current undervalued positions in the fintech sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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