SOFI or Block? [Which Stock Should You Buy?]

While these two point-of-sale companies are very similar, Block is for companies and businesses that sell goods, while SOFI is for consumers who buy goods.

Block is in direct competition with CashApp with its software and hardware systems. However, in the long run, Luke thinks that SOFI is far superior to Block.

In terms of growth potential, Luke believes that SOFI has more growth potential because it is a smaller company and the market its going after is more fragmented. Block has more competition in the buy now, pay later space that it is expanding into right now.

Even Apple is starting to offer buy now, pay later options, which makes the competition much stiffer for smaller companies like Block.

While Block has already had its day in the sun, SOFI hasn’t yet – so we think that it has much more upside potential than Block does.

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