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KBW Highlights SoFi Technologies (SOFI) and Mastercard Stablecoin Deal

SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the 10 Best Stocks Under $20 to Buy According to Hedge Funds. On March 3, Keefe, Bruyette & Woods analyst Tim Switzer noted that the stablecoin partnership between SoFi Technologies, Inc. (NASDAQ:SOFI) and Mastercard Incorporated (NYSE:MA) is a “significant development.” Keefe, Bruyette & Woods has an Underperform rating on the stock with a price target of $20.

The analyst noted that SoFiUSD will be joining other well-known stablecoins working with Mastercard Incorporated (NYSE:MA). This could strengthen SoFi Technologies, Inc.’s (NASDAQ:SOFI) position as an early mover among banks entering this space. Keefe, Bruyette & Woods noted that the utility for consumers is still unclear. However, the firm believes SoFi Technologies, Inc. (NASDAQ:SOFI) “has the chance to become a significant player in an industry that will likely consolidate around a few dominant, scaled coins/networks.”

SoFi Technologies, Inc. (NASDAQ:SOFI) reported that its technology platform, Galileo, will be among the first to allow clients and issuing banks to settle transactions using SoFiUSD. The company also said that SoFi Bank, N.A. is expected to settle 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, private student loans, mortgages, credit cards, insurance, estate planning, and banking.

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.

READ NEXT: 12 Best Under-the-Radar Stocks to Buy According to Hedge Funds and 15 AI Stocks With Explosive Growth Potential.

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When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

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