SoFi: Ignore The Market's Pessimism
We saw a notable 35.5% YTD drop in SoFi's stock and the continuation of weak performance following the Q1 FY2024 earnings report. But I remain bullish. I believe the stock decline was primarily due to short-term guidance falling below analyst expectations, not fundamental issues within the company. SoFi's Lending segment faced slight revenue declines due to conservative strategies, but loan volumes grew significantly. Also, the Technology Platform and Financial Services segments performed exceptionally well.
Is SoFi Technologies a Millionaire-Maker Stock?
SoFi is rapidly expanding as it captures market share and increases revenue. It posted its second straight quarter of net profit, and management is forecasting its first full-year profit as a public company.
Here's Why You Should Hold SoFi Technologies (SOFI) Stock Now
SoFi Technologies' (SOFI) Financial Services and Tech Platform segments remain in great shape.
CEO Anthony Noto Just Bought Another $199,000 of SOFI Stock
No SoFi (NASDAQ: SOFI ) insider has been more bullish than CEO Anthony Noto. On Friday, Noto purchased 30,715 shares at an average price of $6.48 per share.
Should You Buy SoFi While It's Below $7?
SoFi's bear arguments center on the competitive nature of the industry, as well as its exposure to personal loans. SoFi's revenue continues to rise as it adds customers, while the company has swung to profitability.
Buy SoFi Stock Before It Sizzles Off the Market's Back Burner
In my last article on SoFi Technologies (NASDAQ: SOFI ), I discussed how SOFI stock is misunderstood by the market. Nearly a month later, this unfortunately remains the case.
Why Is SoFi Stock Crashing, and Is It a Buying Opportunity?
There is at least one legitimate reason SoFi stock is underperforming this year.
The Fourth-Largest Investor in SoFi Stock Just Completely Dumped Its Stake
SoFi (NASDAQ: SOFI ) just lost a major supporter. Yesterday, after the close, the Qatar Investment Authority (QIA) filed a Form 144 disclosing its intent to sell 19.84 million shares of SOFI stock.
Massive News for SoFi Stock Investors
SoFi stock is down 30% this year, but there's some good news.
SoFi Technologies' stock price forecast: $10 on the cards?
2024 hasn't been great for SoFi Technologies Inc. (NASDAQ:SOFI) so far, with its stock down over 30% year-to-date and plummeting more than 70% from its all-time high. This downturn has been exacerbated by a substantial short interest, accounting for over 18% of its float.
What's Going On With SoFi Technologies Stock?
SoFi Technologies is a fast-growing online bank with 8 million customers. It is growing quickly and just generated its first profit, although with a big help from a one-time expense benefit.
