Donald Trump's decisive presidential victory and Republican control of both houses of congress sent the markets soaring yesterday.
Does SoFi Technologies, Inc. (SOFI) have what it takes to be a top stock pick for momentum investors? Let's find out.
SoFi is making some interesting moves that could pay off in the long run.
Internal and external factors are now both working in its favor.
The financial services company is on a path to becoming one of the largest institutions in its category.
The CEO sounded highly confident in the company's short-term and long-term prospects.
SoFi recently reported its third-quarter results, and there is a lot to like.
SoFi beat Q3 earnings estimates with strong membership growth, top line expansion, and improved adjusted EBITDA. The Fintech added 756k new members, reaching 9.4 million customers, and saw a 33% Y/Y growth in its important financial services products. SoFi's EBITDA margins expanded significantly, driven by lucrative financial services, with 90% Y/Y growth in adjusted EBITDA.
SoFi just reported stellar earnings that blew past all expectations. The company is transitioning towards capital-light, fee-based Revenue streams, bolstered by the expansion of its Loan Platform Business. There's "latent potential" in the Lending segment as management sees "excess demand" for SoFi's loans.
SoFi Technologies (SOFI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
After months of decline, the market is finally liking SoFi stock again.
SoFi reported a massive quarterly beat for Q3'24 with revenues smashing analyst estimates by over $63 million. The fintech continues to generate impressive growth by expanding new products, including the recent push into a Loan Program featuring Fortress. Despite the big rally to $11, the stock only trades at 10x adjusted EBITDA targets for 2026.