If you like to invest in future-forward, industry-disruptive businesses, then SoFi Technologies (NASDAQ:SOFI) stock should be right up your alley. As SoFi Technologies continues to threaten traditional, boring banks, investors should consider buying a few shares and holding them for years.Granted, there are risks involved as government policy could cause problems for SoFi Technologies’ lending business. However, one expert on Wall Street sees SoFi Technologies as a high-potential technology company, and eve ...

SAN FRANCISCO--(BUSINESS WIRE)--SoFi (NASDAQ: SOFI), the digital personal finance company, announced today the expansion of its new small business marketplace within the SoFi product experience. With this addition, SoFi will now be able to better support millions of American small business owners’ financing needs by connecting them to SoFi’s network of providers. “SoFi is on a mission to help its members achieve financial independence to realize their ambitions,” said Anthony Noto, CEO of SoFi. “For many ...

Despite challenges, SoFi Technologies (NASDAQ:SOFI) stock thrived in 2023, rising 85% on record revenue and member growth. The end of student loan forbearance boosted earnings, and SoFi stock 480,000 members and 847,000 products in Q3, showcasing effective cross-selling and customer retention.Banking, an age-old industry, has evolved significantly with technological advances disrupting various sectors. SoFi, recognizing the importance of adaptability, provides a fully digital banking experience. Its user-fr ...

Building a $1 million retirement nest egg is still the default goal for many investors. Recent data suggests many of those nest creators still have plenty of building to do. According to research commissioned by The Motley Fool, the average U.S. household has just $87,000 saved for retirement.Investing is a proven method for building that level of retirement, although how you invest can vary greatly. After all, everyone's situation will vary. An investing style that suits one person may not suit you. What h ...

SoFi Technologies (NASDAQ:SOFI) stock presents a compelling buying opportunity for investors seeking upside in 2024. The company has several catalysts for investors to hone in on, including the resumption of student loan payments and continued ecosystem growth with the company’s expanding portfolio of products. Improved deposits in the third quarter, reaching $15.7 billion, highlight consumer trust in SoFi over traditional banks.SoFi’s all-in-one platform consistently draws new users, adding over 7 million ...

Shares of SoFi Technologies (SOFI -3.66%) started 2024 on a rough note, falling more than 16% last week after Keefe, Bruyette & Woods (KBW) analyst Mike Perito downgraded shares of the banking and fintech services company. More specifically, Perito reduced his rating on SoFi to underperform from market perform, and lowered his per-share price target to $6.50 from $7.50. Shares closed around $8.53 on Monday. To be fair, SoFi had also just doubled over the previous year, including a more than 40% rally follow ...

2023 wasn't a great year for bank stocks or fintech stocks, many of which underperformed the market. Financial stocks feel the impact of rising interest rates more acutely than other companies, and that sparks concern among investors. However, fintech and banking superstar SoFi Technologies (SOFI 1.92%) gained 116% last year after plunging 71% in 2022. Let's see why SoFi stood out from its peers in 2023, and whether or not it could double again in 2024.SoFi offers a differentiated banking experienceBanking ...

SoFi Technologies, Inc. (SOFI) closed at $8.48 in the latest trading session, marking a +1.92% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.57%. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 0.75%.Prior to today's trading, shares of the company had gained 4.65% over the past month. This has outpaced the Business Services sector's gain of 2.21% and the S&P 500's gain of 3.4% in that time.Investors will be eagerly watching for the performance of SoFi Technolog ...

In this video, I will talk about SoFi Technologies (SOFI 3.00%), the recent layoff reports, why this might have happened, and how it might affect the business.*Stock prices used were from the trading day of Jan. 9, 2024. The video was published on Jan. 10, 2024. ...

SoFi Technologies (SOFI 3.77%) stock gained 116% in 2023 according to data provided by S&P Global Market Intelligence. It demonstrated high growth, improving profitability, and overall resilience in the face of a pressured economy.SoFi is the face of a new kind of bankingSoFi operates an all-digital app that offers a suite of financial services that are user-friendly and geared toward a young demographic. It began as a student loan cooperative, and it has expanded from its humble beginnings to become a seri ...