13 Stocks Jim Cramer Recently Talked About

8. SoFi Technologies, Inc. (NASDAQ:SOFI)

Number of Hedge Fund Holders: 31

A caller asked Cramer about his medium and long-term prognosis of SoFi Technologies, Inc. (NASDAQ:SOFI) and his reply was:

“The reason why SoFi has moved from where it was to where it is, is because it’s much more of a service provider stock, it’s FinTech than it is a lender these days. But I do think it needs to digest. I would not buy at this level. Maybe put a quarter of your position on, let it come in. It’s been perched here precariously for a while. I think you can go down from here.”

SoFi Technologies, Inc. (NASDAQ:SOFI) provides a range of services, including lending, banking, insurance, and investment opportunities, all accessible through a single online platform. Cramer has not changed his bullish stance on the company as he said in October 2024:

“There are people who genuinely hate this company and it has a very big short position. But how many times have I asked Anthony Noto to come on and defend it? And every time he does and every time he tells a cogent story. So I am not backing away from Noto. I like the stock.

Hey listen, you can say, you know what Cramer, you’re just soft on Noto. Go check my record. Anthony and I would be the first to agree that that has not always been the case, right? Listen to me, this beautiful bull market is littered with analyst downgrades. So a lot of times if you listen to them, the stocks will just end up recovering but without you. Yes, they could go down but then they go back up. My advice is don’t let them go.”

Over the past 12 months, the stock rose more than 82%.