Jim Cramer on SoFi: “I Think the Stock Has Not Come Down Enough”

Company Overview - SoFi Technologies, Inc. (NASDAQ:SOFI) provides a range of financial services including lending, banking, investment, and insurance through digital platforms [2]. Stock Performance and Analyst Insights - Recently, SoFi's stock has experienced a decline, prompting discussions about whether to buy at lower levels. Analyst Jim Cramer indicated that the stock has not decreased enough and suggested waiting before making any purchases [1]. - Cramer noted that the stock is currently under pressure, describing it as "heavy" with a lot of shares available for sale. He advised against buying at current prices, indicating a preference to wait for a more favorable entry point [1]. - Cramer mentioned that the stock has a high price-to-earnings multiple, suggesting that it may be overvalued at present levels. He recommended waiting for a potential price drop to around $20 before considering a purchase [2]. Investment Considerations - While acknowledging SoFi's potential as an investment, there are suggestions that certain AI stocks may offer greater upside potential and carry less downside risk compared to SoFi [2].