Jim Cramer Says He is “Concerned About Profit Taking” in SoFi Stock

SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the stocks in focus in the game plan Jim Cramer shared. Cramer mentioned the company during the episode and commented:

“Okay, here’s one, SoFi. You know we’re behind this one, right, the digital bank? It’s had a huge run that you have to ask if anything can justify the move beyond where it is. The rally today didn’t help. I don’t know. Call me, let me say, critical because I do, am concerned about profit taking there.”

Photo by Joshua Mayo on Unsplash

SoFi Technologies, Inc. (NASDAQ:SOFI) provides digital financial services, including lending, banking, investing, and insurance. Additionally, it operates Galileo and Technisys, technology platforms that deliver modern banking infrastructure. During the October 3 episode, Cramer said that the company’s stock is “not finished going higher.” He stated:

“As a long-time SOFI bull, I feel pretty darn vindicated these days, and I’ve gotta tell you, I think this one’s not finished going higher. The first thing you need to understand is that this rally was driven by genuinely great numbers… This company has developed a reputation for outperforming the estimates, and lately that outperformance has been particularly strong. SoFi’s actually been doing this for a while.

While we acknowledge the potential of SOFI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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