Analyst Kevin Barker, from Piper Sandler, has selected SoFi Technologies, PayPal, and Block as the best stocks to buy in the fintech sector. Barker says SoFi Technologies, a fintech company based in San Francisco, offers investors a range of risk and reward. The company’s revenue has steadily risen and its user base has grown to over six million users since its founding in 2011. Barker believes that SoFi’s expansion will be offset by a $400M headwind from higher non-cash charge off rates and premium amortization. Barker gives SoFi shares a Neutral rating, predicting a downside of 9% in the next 12 months. Barker rates PayPal as Neutral, saying that the company’s high transaction volume generated $7.4 billion in net quarterly revenue
Top Analyst: SoFi, PayPal, or Block- Best Stock to Buy
