SoFi Technologies, Inc. (SOFI) Suffers a Larger Drop Than the General Market: Key Insights
In the most recent trading session, SoFi Technologies, Inc. (SOFI) closed at $12.64, indicating a -0.71% shift from the previous trading day.
Despite Downturns, Analysts Say These 4 Financial Stocks Are Buys
Threats of tariffs and reductions to government spending have the American markets in a shaky position as the S&P 500 pushes into correction territory. Among stocks seeing the hardest hits were financial picks, with companies like Morgan Stanley NYSE: MS and SoFi Technologies NASDAQ: SOFI seeing shares fall up to 12% on Monday alone.
SoFi Stock Drops 23% in a Month: Buy or Wait for Further Correction?
Given the recent decline in SOFI shares, we evaluate the stock's current position to determine how to play it now.
SoFi Technologies: Poised For A Turnaround After The Deep Selloff
SoFi Technologies, a pure-digital finance company, targets young, high-income individuals underserved by traditional banks, offering diverse financial services through its app and website. The company's national banking charter, secured in 2022, has significantly boosted its deposit base and reduced reliance on capital markets. Despite recent stock price drops due to market turmoil, SoFi's strong growth prospects and solid financials make it an attractive investment with a $14 target price.
SoFi: Student Loan Changes Are Good
SoFi Technologies has shown strong performance, with shares up 8% since October, outperforming the S&P 500, which is down nearly 5%. The company has achieved multiple GAAP-profitable quarters and a full year of GAAP net income in 2024, indicating sustainable, long-term profitability. SoFi's customer base is growing rapidly, with a 34% year-over-year membership increase and 40% of new members adopting a second product within 30 days.
SoFi Lands $5 Billion to Expand Loan Platform Business
SoFi has finalized an agreement with Blue Owl Capital worth at least $5 billion. The deal with the asset manager, announced Thursday (March 13), will allow SoFi to expand its loan platform business, which refers pre-qualified borrowers to loan origination partners and originates loans on behalf of third parties.
Is Trending Stock SoFi Technologies, Inc. (SOFI) a Buy Now?
Recently, Zacks.com users have been paying close attention to SoFi Technologies (SOFI). This makes it worthwhile to examine what the stock has in store.
SoFi seals up to $5 billion loan agreement as fintech lending gains ground
SoFi said on Thursday it has finalized an agreement of up to $5 billion with funds managed by asset manager Blue Owl Capital to provide personal loans on its finance app, highlighting the increasing shift of consumers from traditional banks to fintech lenders.
SoFi Technologies: The Cross-Selling Snowball Rolls Forward
SoFi Technologies' disruptive financial services approach and strong growth across all vital metrics make it a confident "Strong Buy". SoFi's "land-and-expand" strategy and expanding service ecosystem, including new credit cards and crypto offerings, promise continued aggressive growth and profitability. Despite market uncertainties and competition, SoFi's attractive valuation and economies of scale potential make the recent pullback a compelling buying opportunity.
Cathie Wood Sells Almost All of Her SoFi Stock. Is This a Red Flag?
In this video, I will talk about SoFi Technologies (SOFI 3.20%) and Cathie Wood's Ark Invest's buying and selling activity this week. Watch the short video to learn more, consider subscribing, and click the special offer link below.
SoFi Technologies, Inc. (SOFI) Rises As Market Takes a Dip: Key Facts
SoFi Technologies, Inc. (SOFI) closed the most recent trading day at $11.24, moving +0.54% from the previous trading session.
SoFi stock: why investors should buy despite economic uncertainty from tariffs
Investors have been bailing on SoFi Technologies Inc (NASDAQ: SOFI) this year amidst concerns the Trump tariffs could prove to be a meaningful headwind for the fintech industry.
