Sofi Stock Predictions for 2023! Sofi Stock price targets for 2023! Can you buy sofi stock?
3Shares of online bank and financial services provider SoFi Technologies have seen significant declines, falling 64 percent since the start of the bear market in 2020. The decline began even earlier in January 2021, when the company announced plans to go public. A SPAC merger. A major concern for the company is its heavy exposure to student loans, which has created uncertainty due to the ongoing pandemic and its impact on loan repayments. However, the company has also diversified by increasing exposure to unsecured personal loans, which now account for about 61 percent of its total loan portfolio. While there is potential for significant losses in the event of defaults, there is also potential for significant gains for SOFI stock.
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