Could Buying SoFi Technologies Today Set You Up for Life?
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This fintech stock has soared 510% in the past three years.The financial services industry is absolutely massive, with trillions of dollars in assets being handled by major entities here in the U.S. However, that doesn't mean the market is immune to disruption. SoFi Technologies (SOFI 0.07%) has something to say. The digital banking pioneer is performing extremely well from a fundamental perspective. And the share price is following along, soaring 510% in the past three years as of Dec. 9. But can this rising fintech stock set investors up for life? Image source: SoFi Technologies. Investors must gain the right perspective All investors want to find monster winners early on. This can lead to life-changing wealth given enough time. As simple as that sounds, though, it's not easy to execute in practice. And investors should not bet the farm on a single stock to help make them rich. ExpandNASDAQ: SOFISoFi TechnologiesToday's Change(-0.07%) $-0.02Current Price$27.07Key Data PointsMarket Cap$33BDay's Range$26.55 - $27.2852wk Range$8.60 - $32.73Volume42MAvg Vol73MGross Margin60.33%Dividend YieldN/A Viewed through this lens, SoFi isn't in a position to set you up for life. That phrase implies a huge gain, like a 50-fold or 100-fold increase in the stock price within a few decades. It's impossible to predict this kind of performance, so I couldn't say SoFi will be able to do it. This doesn't mean investors should ignore the business. SoFi's revenue and profits are soaring. It's rapidly adding new customers. And management remains focused on introducing new products and services to better serve the user base. These are all good qualities to identify in companies. About the AuthorNeil Patel is a contributing Motley Fool stock market analyst covering consumer staples, consumer discretionary, financials, information technology, and communication services. Prior to The Motley Fool, Neil worked in corporate finance roles at JPMorgan Chase and Capital One. He also has experience working on a start-up in the cryptocurrency space. He holds a bachelor’s degree in business administration with a specialization in finance from Ohio State University.TMFNeilPatelRead NextDec 11, 2025 •By Matt Frankel, CFPSoFi's CEO Believes It Could Become a Trillion-Dollar Company.
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