Jim Cramer on SoFi: “I’m Staying With Noto”

SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the stocks Jim Cramer shared his thoughts on. A caller asked for Cramer’s take on the company, and he commented:

“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.”

Jim Cramer on SoFi: "I’m Staying With Noto"

A professional banker shaking hands with an entrepreneur in a boardroom setting.

SoFi (NASDAQ:SOFI) provides a range of financial products, including loans, banking, investment, and insurance services. Furthermore, the company provides tools for financial management, credit, travel, and employee benefits. In a May episode of Mad Money, Cramer was bullish on the company stock, as he commented:

“Oh, I like SoFi. We’ve been back, you know, Anthony Noto knows we have been behind this thing the whole way, and you know what? It gets thrown back at this level, I am not concerned. I think it goes to new highs.”

While we acknowledge the risk and potential of SOFI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SOFI and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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