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Wells Fargo Sees a $1.5 Trillion Opportunity for Fintech Companies; These 2 Stocks Are Set to Benefit

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There’s an Opportunity Brewing in SoFi Stock, Says Analyst

Between June 2020 and December 2021, either via IPOs or the SPAC route, 24 fintech companies went public. It has been a bruising introduction, however. Since going public, the majority have endured steep share price losses. MoffettNathanson analyst Eugene Simuni lays part of the blame on macro headwinds such as interest rates, inflation, and a ‘risk-off’ mood. However, given the “ferocious” nature of the selloff in fintech names, the analyst thinks the sector wide pullback is “entirely tied to i

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