Jim Cramer Analyzes SoFi in Light of Stock's Decline

SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the stocks that was on Jim Cramer’s radar recently. Noting that the stock has been going down, a caller asked what they should do with their position. Cramer replied:

Well, I’ll tell you… I don’t know, in January, I said, I thought that the stock could keep going down. It was too high. I now look at it, and I think, wait a second. Given its growth rate, at $18, I didn’t like it in the high 20s, $18… Down 30%. I say, let’s look at it again. I thank you for your allegiance, and we will know more about SoFi.

SoFi Technologies, Inc. (NASDAQ:SOFI) provides lending, banking, investment, and insurance services through digital platforms. The company offers personal, student, and home loans, cash management, investment tools, credit cards, and financial wellness products. During the January 8 episode, a caller asked whether they should buy more of the stock after it declined, and Cramer responded:

I think actually, believe it or not… I think the stock has not come down enough. But I think the stock acts what I call heavy. There’s a lot for sale. I want you to wait. I’m not going to give you the go-ahead to buy it. And by the way, I’ve liked the stock since 5. I’m on record telling Anthony Noto. I think it was right. So, I’ve got some what I call gravitas.

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