SOFI's 21% rally reflects investor optimism, but with a 41X P/E, some are questioning if the stock's run is overdone.
SoFi Technologies stock is up 27% since the initial $20 target, fueled by $315M in fee-based revenue, up 67% YoY. Fee income now represents 41% of total revenue, with strong growth in interchange, loan platform, and FSPL segments. Q2 FY 2025 guidance calls for $801.94M revenue and $0.06 EPS, with 6 upward EPS revisions and 7 revenue upgrades.
The fintech says it will offer stablecoins and new staking features at a later date.
More gains may still be ahead for SOFI stock. The economic background looks much more conducive to SoFi's growth.
SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer recently stated at a conference that the fintech company has targeted 30% member growth and 20% revenue growth.
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SoFi stock (NASDAQ: SOFI) has seen a significant increase of over 15% in the past month. This surge appears to be partly fueled by the successful IPO of Chime, which seems to have had a positive ripple effect across the broader fintech sector.
SoFi Technologies (SOFI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
SoFi (NASDAQ:SOFI) is up by 7% year-to-date, but it can feel disappointing when comparing it to other fintech stocks like Sezzle (NASDAQ:SEZL) and Dave (NASDAQ:DAVE), both of which have more than tripled and doubled year-to-date, respectively.
SoFi Technologies (SOFI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
SoFi Technologies, Inc. (SOFI) closed at $14.43 in the latest trading session, marking a -3.15% move from the prior day.
Galileo, the B2B financial services arm of SoFi Technologies, Inc. SOFI, is emerging as a key engine of growth in the rapidly expanding embedded finance market. By offering seamless payment and lending integrations, Galileo enables financial and non-financial firms to embed banking capabilities directly into their platforms.