SoFi Technologies Inc. (NASDAQ: SOFI ) is one of them The best stocks to buy under $10 to $20, according to hedge funds. On March 3, Keefe, Bruyette & Woods analyst Tim Switzer noted that SoFi Technologies Inc. (NASDAQ: SOFI) and Mastercard Incorporated (NYSE:MA) stablecoin partnership is a “significant development.” Keefe, Bruyette & Woods has an Underperform rating with a $20 price target on the stock.
The analyst noted that SoFiUSD will join other popular steelcoins working with Mastercard Inc. (NYSE: MA ). It can SoFi Technologies Inc. (NASDAQ: SOFI ) has solidified its position as an early mover among banks entering the space. Keefe, Bruyette & Woods noted that the benefit to consumers is still unclear. However, the company believes that SoFi Technologies Inc. (NASDAQ: SOFI ) “has a chance to become a significant player in an industry that will likely consolidate around a few dominant, scalable coins/networks.”
SoFi Technologies, Inc. (NASDAQ: SOFI ) reported that its technology platform, Galileo, will be among the first to allow buyers and issuing banks to settle transactions using SoFiUSD. The company also said that SoFi Bank, NA is expected to process its credit and debit transactions on the MasterCard network using SoFiUSD.
SoFi Technologies Inc. (NASDAQ: SOFI ) is an American digital financial services and technology company that offers a wide range of products and services including personal loans, personal student loans, mortgages, credit cards, insurance, estate planning, and banking.
While we acknowledge the potential of SOFI as an investment, we believe that some AI stocks offer higher potential and lower risk. If you’re looking for the most undervalued AI stocks that stand to benefit significantly from Trump-era tariffs and the offshore trend, check out our free report Best short-term AI stocks.
Read more: 12 Best Under-the-Radar Stocks to Buy According to Hedge Funds and 15 AI Stocks With Explosive Growth Potential.
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