The stock market had a fairly gloomy start to the new year on Thursday, but SoFi Technologies (SOFI -8.25%) shares really took a hit. The fintech plummeted by more than 8% on the inaugural trading session of 2025, a far steeper fall than the 0.2% slide of the bellwether S&P 500 index.
Personal finance app SoFi Technologies' shares fell as much as 7% on Thursday, after analysts at KBW downgraded the stock to "underperform" on concerns over its lofty valuation and ambitious financial targets.
SoFi Technologies SOFI has faced recent downgrades from analysts citing concerns over the company's high valuation. However, technical analysis, particularly moving averages, suggests potential support for the stock.
SoFi Technologies, Inc. (SOFI) closed at $15.40 in the latest trading session, marking a -1.47% move from the prior day.
Bank stocks, as a category, usually provide certain benefits for investors that are different from other kinds of stocks. They're usually cash-rich, established companies that provide protection in volatile markets and often pay dividends.
SoFi Technologies (SOFI -3.74%) hasn't impressed too many investors since its public debut. The fintech company went public by merging with a special purpose acquisition company (SPAC) on June 1, 2021, and its stock opened at $21.97.
Zacks.com users have recently been watching SoFi Technologies (SOFI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
In today's video, I will be talking about the recent updates regarding SoFi Technologies (SOFI 2.50%). Watch the short video to learn more, consider subscribing, and click the special offer link below.
SoFi (SOFI 1.82%) has been one of the best performers of the financial sector in 2024 but has taken investors on quite a roller-coaster ride since it went public in mid-2021. If you had bought $1,000 worth of SoFi stock three years ago, how much money would you have today?
SoFi Technologies (SOFI 1.82%) is only the 67th-largest U.S. bank by assets, but it's caught a lot of attention for its all-digital, high-growth platform. The lending and financial services platform has graduated from a hyped-up, overvalued, and unprofitable business to a solid, proven, and a profitable one.
SoFi: 10 Million Reasons To Still Own
SoFi Technologies, Inc. (SOFI) closed at $15.63 in the latest trading session, marking a +1.82% move from the prior day.