Jim Cramer on SoFi: "Cost Basis Out, Rest Run"

SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the stocks Jim Cramer talked about. A caller asked if Cramer thinks the stock can go to $35-40, and he replied:

“Okay, so, I recommended this stock at $4, $5, $6… Anybody who listens to me, I want you tomorrow to take your cost basis out, and you let the rest run, and we will be thrilled. That’s my take on this one. Can’t buy it now. Cost basis out, rest run.”

SoFi Technologies, Inc. (NASDAQ:SOFI) provides a range of financial services and products, including lending, banking, investing, insurance, and credit solutions. When a caller asked about the company in a July episode, Cramer replied:

“Alright, now normally, people would think that since you recommended… at 3, at 5, and at 7, at 9, that you would call and just run for the hills at $20, but no. There’s still so many bankers who have a Sell on the thing. I’m staying with Noto.”

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Disclosure: None. This article is originally published at Insider Monkey.