SoFi Technologies (SOFI -4.01%) reported another blockbuster quarter chock-full of excellent performance and beats on revenue and earnings per share (EPS). But as usual, the market found something to be disappointed with: This time, it's guidance.
SoFi Technologies (SOFI -4.01%) has been kind to its investors. In the past 12 months, shares have more than doubled.
SoFi Technologies (SOFI -4.01%) recently reported its earnings results, which looked quite stellar. The company beat earnings estimates laid out by analysts, and posted its first full-year GAAP profit since going public in 2021.
SOFI has had an outstanding rally since the 2022 bottoms, as the macroeconomic outlook turns optimistic and the Fed rate cuts occur. These have also partly contributed to the fintech's robust performance and financial metrics, significantly aided by the increased cross-selling observed in its vertically integrated offerings. If anything, readers may want to note that SOFI has had a habit of sandbagging while incrementally raising guidance during the quarterly earning calls.
SoFi's (SOFI -4.01%) lending business grew much more than expected in 2024.
Two of the more exciting fintech companies today are SoFi Technologies (SOFI -4.01%) and Nu Holdings (NU -1.49%). Both are profitable and growing quickly with bright futures ahead.
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.
Shares of SoFi Technologies (NASDAQ: SOFI) have struggled so far this week, falling -9.47% since Monday after announcing strong Q4 earnings but tempered forward guidance.
SoFi's (SOFI 2.81%) management team delivered huge news for shareholders in the latest quarterly earnings update.
SoFi (SOFI 2.81%) delivered better-than-expected results in its lending segment in 2024.
SoFi's stock surged 55% in 2024, driven by Fed rate cuts and optimism about avoiding a recession, outperforming the S&P 500 significantly. The company's loan business is poised for growth in 2025, with strong demand from credit buyers and a favorable interest rate environment. SoFi's diversified loan offerings, including personal, student, and home loans, present significant revenue opportunities, especially as interest rates decline.
Given the continuous surge in SOFI shares, we evaluate the stock's current position to determine how to play it now.