Zacks.com users have recently been watching SoFi Technologies (SOFI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In today's video, I will be talking about the recent updates regarding SoFi Technologies (SOFI 2.50%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
SoFi (SOFI 1.82%) has been one of the best performers of the financial sector in 2024 but has taken investors on quite a roller-coaster ride since it went public in mid-2021. If you had bought $1,000 worth of SoFi stock three years ago, how much money would you have today?
SoFi Technologies (SOFI 1.82%) is only the 67th-largest U.S. bank by assets, but it's caught a lot of attention for its all-digital, high-growth platform. The lending and financial services platform has graduated from a hyped-up, overvalued, and unprofitable business to a solid, proven, and a profitable one.
SoFi: 10 Million Reasons To Still Own
SoFi Technologies, Inc. (SOFI) closed at $15.63 in the latest trading session, marking a +1.82% move from the prior day.
The S&P 500 has been on fire, consistently reaching record highs and showcasing strong performance over the last two years. But when it comes to standout stocks, SoFi Technologies (SOFI 2.13%) has rocketed up by 261% since the beginning of 2023.
SoFi Technologies (SOFI -8.52%) has taken shareholders on a volatile ride. At its 52-week low in August, shares were 75% below their all-time high.
Shares of SoFi (SOFI -1.30%) have been on fire in 2024 in large part because the company's lending business is performing better than expected and its financial services arm is growing at around 100% per year. In this video, Travis Hoium shows why SoFi stock will continue to beat the market.
SoFi Technologies, Inc. (SOFI) concluded the recent trading session at $16.66, signifying a -1.3% move from its prior day's close.
Following the recent surge in SOFI shares, we assess the stock's current standing to decide the best strategy moving forward.
Are you looking for a new fintech name to add to your portfolio? It's certainly an area worth a look.