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%.
SoFi Technologies, Inc.'s strong fundamentals and favorable market trends support a 72% upside potential, targeting a $25 share price. The company consistently delivers strong earnings, with 20%+ Y/Y revenue growth and significant EPS improvement, driven by a growing member base and product portfolio. SOFI's strategic focus on product innovation, partnerships, and becoming a One-Stop Shop for financial services positions it well for future growth.
The market is becoming more optimistic about SoFi Technologies (SOFI -0.41%): As of Feb. 7, its shares had risen by 132% over the prior six months, and after trading mostly below $10 for about two and a half years, they're n ow changing hands at nearly $15.
SoFi Technologies, Inc. (NASDAQ:SOFI ) BofA Securities 2025 Financial Services Conference February 11, 2025 1:50 PM ET Company Participants Anthony Noto - Chief Executive Officer Conference Call Participants Mihir Bhatia - BofA Securities Mihir Bhatia Welcome to the SoFi Session. I'm Mehir Bhatia.
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.
Delinquency rate growth is continuing to slow, creating a positive operating environment for SoFi. Refinancing demand exists, and SoFi is ready to capture the demand through its continued member growth and flywheel strategy. Despite about 100% stock price appreciation in recent months, I continue to believe that the company is reasonably valued.
Shares of SoFi Technologies (NASDAQ: SOFI) gained 0.74% on Friday, which wasn't enough to break even this week after falling by -0.40% over the past five trading sessions, including a sharp drop of -4.75% on Thursday.