Cathie Wood serves as chief executive officer and chief investment officer of Ark Investment Management. While her reputation is largely linked to her early bullish calls on Tesla and Bitcoin, her exchange-traded funds (ETFs) reveal a new area of interest: fintech.
Given the recent decline in SOFI shares, we evaluate the stock's current position to determine how to play it now.
SoFi Technologies (SOFI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
SoFi (SOFI -2.11%) is up by about 130% since mid-2024, and the company's growth and profitability progress certainly justify the move. But in this video, I explain why some of the recent developments could result in much more long-term upside for investors.
One of the hallmarks of Ark Investment Management CEO Cathie Wood's investment style is her ability to identify emerging opportunities that seek to disrupt legacy incumbents -- specifically, in industries such as technology.
SoFi's share price fell 18% post-4Q24 results despite double beat in revenue and EPS, due to conservative 2025 EPS guidance and skepticism about 2026 projections. CEO Anthony Noto has subtly raised 2026 guidance during the BofA conference with >25% revenue CAGR in 2023-26 (from 20-25%) and 20% NPM and 20-30% ROE in the long term. I estimate SoFi to deliver $0.76 EPS in 2026 given the upgraded guidance, very close to the high bar of the EPS guidance of $0.8.
To call SoFi's (SOFI -5.72%) growth story an impressive one doesn't really do the company justice. Since going public in 2021, SoFi's membership based has increased from 3.4 million to more than 10 million, and it has evolved from a relatively small lender into a full-featured online bank.
After a massive 200% rally from August through January, SoFi Technologies Inc. NASDAQ: SOFI looked unstoppable. That momentum carried the fintech stock to a multi-year high at the end of January, supported by a streak of strong earnings reports.
SoFi Technologies, Inc. demonstrated strong growth, with Q4 2024 revenue up 19.3% year-over-year, and it expects continued growth in 2025. The company reached 10.13 million members and 14.75 million products in Q4 2024, driven by Financial Services Products. Net profits surged from $24.6 million to $332.5 million, with management anticipating further revenue and profit increases in 2025.
SoFi's Liz Young-Thomas and Merrill's Chris Hyzy, join 'Closing Bell' to discuss markets, the tech trade and navigating the market rotation.
In this video, I will cover the recent updates regarding SoFi Technologies (SOFI 6.71%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
Shares of SoFi Technologies (NASDAQ: SOFI) popped 6.71% on Friday, punctuating a strong month that has seen the stock rise 11.79%.