SoFi Technologies (NASDAQ: SOFI ) is releasing its Q2 results on the 30th of July. As Investorplace previously reported, Wall Street's expectations are high concerning the fintech firm's earnings.
SoFi Technologies is a digital bank and fintech company that has recently turned profitable and raised capital for growth. The company offers a comprehensive suite of online banking products and services, making it a one-stop shop for consumers. The stock has traded down significantly since going public and is now showing great risk/reward, and the target is set at $20/share.
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.
SoFi Technologies (NASDAQ: SOFI ) reports its Q2 2024 results on July 30 before the markets open. Some investment pundits are wondering whether it makes sense to buy SOFI stock before earnings.
SoFi (NASDAQ: SOFI ) stock is down today ahead of its upcoming second-quarter earnings call set for next Tuesday, July 30. Investors are tentatively hopeful for the financier's Q2 financial numbers.
SoFi Technologies (SOFI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
SoFi's lending business is experiencing flat growth, which likely has some investors concerned about the company's future. A tough macroeconomic environment highlighted by abnormally high inflation and rising interest rates are two big culprits for the slowdown in SoFi's lending operation.
As I predicted last time, SoFi Technologies beat Q1 consensus forecasts with strong financial results. Unfortunately, the stock price didn't respond positively. I think SoFi is performing well in terms of its balance sheet, sales growth, and strengthening margins. I continue to believe that management's strategic vision for the company's development should lead to continued momentum in its business.
Despite economic uncertainty, SoFi continues to grow at a brisk pace. The company is finally turning the corner from a profitability perspective.
SoFi (NASDAQ: SOFI ) stock slipped Thursday after the government announced it would forgive up to $1.2 billion in additional student loans. Indeed, the news snapped SoFi's seven-day winning streak in the stock market as investors considered how the forgiveness policy would affect the lending company.
The financial technology company will give investors a critical update at the end of July.
SoFi Technologies, Inc. (SOFI) reachead $7.84 at the closing of the latest trading day, reflecting a +1.16% change compared to its last close.