1 Cathie Wood Fintech Stock to Buy Right Now Before It Surges 110%, According to 1 Wall Street Analyst (Hint: It's Not SoFi)
Cathie Wood owns a number of leading fintech stocks across her exchange-traded funds.
Cathie Wood serves as chief executive officer and chief investment officer of Ark Investment Management. While her reputation is largely linked to her early bullish calls on Tesla and Bitcoin, her exchange-traded funds (ETFs) reveal a new area of interest: fintech.
Instead of investing in traditional bank stocks, Wood appears more interested in the intersection of financial services and technology. Some core fintech positions for Ark include Coinbase and SoFi.
However, through a combination of savvy buys and price appreciation, Robinhood (NASDAQ: HOOD) has catapulted within Ark's portfolio, becoming the sixth-largest position across all her ETFs. And yet, even with Robinhood shares rocketing about 200% in 2024, analysts at Bernstein still see 110% upside (as of Feb. 24).
