SoFi Technologies (SOFI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
After Q1, I rated SoFi a Buy at $6.35, imagining a $15B market cap and $12-$15 share price, which it quickly achieved. With FY 2024 results approaching, it's worth seeing how the last two quarters explain that rally. Despite business growth in Q3, recent quarters' earnings were lower, showing that quarterly earnings can be a bit volatile.
SoFi Technologies stock has surged 170% since our initial bullish call, driven by robust member growth, revenue diversification, and improving margins. SOFI's comprehensive financial product offerings simplify personal finance management, fostering user retention and deeper monetization opportunities. Despite its recent rally, SOFI's valuation remains attractive given its strong growth prospects.
In the most recent trading session, SoFi Technologies, Inc. (SOFI) closed at $16.50, indicating a +1.23% shift from the previous trading day.
SoFi Technologies (SOFI 1.04%) should be more optimistic about 2025 than it was about 2024.
SoFi Technologies (SOFI) added to its near 120% year-long rally after finalizing a $525 million personal loan deal with PGIM Fixed Income. George Tsilis notes that the deal will open a "revolving line of credit" for the company that opens the door to company profits.
SoFi Technologies (NASDAQ: SOFI) ended 2024 on a high note, delivering a 70% annual gain and outperforming fintech peers like PayPal (NASDAQ: PYPL).
I am downgrading SoFi to Sell due to its recent stock repricing and the complexity of its investment case despite its recent strong performance. SoFi excels in tech-first banking but risks cannibalizing its advantage by enhancing legacy banks' tech infrastructure, complicating its long-term thesis. The company's lending segment faces slowing growth and high default rates, while lacking high-margin private banking services.
Warner Bros Discovery has appointed Anthony Noto, CEO of fintech giant SoFi, and Joey Levin, the outgoing chief executive of IAC, to its board, the company said on Tuesday.
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.
SoFi Technologies (SOFI -0.56%) stock ended 2024 on a high note, rising nearly 55% for the year. That was a huge success for a stock that more than doubled in value (up 116%) in 2023 but then traded in a negative range for the first nine months of 2024.
SoFi Technologies (SOFI -2.75%) has taken investors on a volatile journey in recent years. But it's trending higher, as shares have soared 106% in the past five months.