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Prediction: SoFi Technologies Will Outperform the Market. Here's Why
The Motley Fool· 2024-12-11 12:30
SoFi isn't playing by the traditional rules of banking.SoFi (SOFI -1.80%) isn't your conventional bank and it doesn't have bank-like growth either. In this video, Travis Hoium uncovers the company's business model, growth segments, and how the stock can outperform the market over the next 5 years.*Stock prices used were end-of-day prices of Dec. 10, 2024. The video was published on Dec. 11, 2024. ...
SoFi Technologies: High-Quality Catalysts Driving Growth
Seeking Alpha· 2024-12-04 14:30
Coming from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my investment decisions. My hands-on experience shaped deep understanding of risk, reward and the delicate balance between these two variables. Driven by a desire to share my insights and contribute to the inv ...
3 Stocks Flashing Bullish Momentum: SOFI, TSLA, PLTR
ZACKS· 2024-12-03 22:26
Momentum investors look to ride bullish trends where buyers are in control.And recently, three popular stocks – Tesla (TSLA) , Palantir (PLTR) , and SoFi Technologies (SOFI) – have seen strong price action, outperforming nicely.  Below is a chart illustrating the performance of each over the last month, with the S&P 500 blended in as a benchmark.Image Source: Zacks Investment ResearchLet’s take a closer look at each.Tesla Sees Higher Profits Tesla’s current momentum is undeniable, boosted by a recent set of ...
Why SoFi Stock Skyrocketed 47% in November
The Motley Fool· 2024-12-03 12:28
SoFi Technologies (SOFI -3.05%) stock climbed 47% in November according to data provided by S&P Global Market Intelligence. The online bank gave investors renewed confidence in its loan segment along with an excellent third-quarter report at the end of October. It's also benefiting from positive investor sentiment based on lower interest rates and increased market enthusiasm about the economy after the presidential election.Everything is finally going rightSoFi has been a volatile stock since its initial pu ...
This Analyst Downgrades Upstart But Says SoFi Tech Could Become 'American Express' Of Fintech
Benzinga· 2024-12-02 17:27
JP Morgan analyst Reginald L. Smith noted that 2024 was a tale of two halves for fintech stocks. After a lagging start to the year, the aggregate market cap of the analyst’s fintech coverage universe has increased more than $65 billion since mid-September, fueled by cheerful calendar third-quarter 2024 results and management commentary, two rate cuts, and the U.S. Presidential Election.  In fiscal 2025, lower benchmark rates and an improved third-party funding environment should spur increased loan originat ...
AI predicts SoFi Technologies (SOFI) stock price for year-end
Finbold· 2024-11-29 15:20
Core Viewpoint - SoFi Technologies has experienced significant stock price growth, driven by strong Q3 earnings, record member growth, and optimism regarding potential regulatory changes under a second Trump administration [1][5][6] Financial Performance - SoFi reported a 30% year-over-year increase in Q3 revenue, totaling $61 million in net income, marking its fourth consecutive quarter of GAAP profitability [5][10] - The company added over 756,000 new members in Q3, bringing total membership to 9.4 million, a 35% year-over-year increase [5][10] - Lending products grew by 19%, with loan origination volumes surging by 23%, indicating strong demand for personal, student, and home loans [5][10] Membership Growth - The addition of 756,000 new members in Q3 strengthens SoFi's revenue potential, particularly through cross-selling opportunities [10] Product Portfolio Expansion - Financial services products increased by 33%, reaching 11.8 million, while the technology platform segment saw a 14% revenue increase [5][10] - The launch of a robo-adviser platform enhances SoFi's cross-selling potential and introduces a new revenue stream [6][10] Macroeconomic Factors - Anticipated interest rate cuts by the Federal Reserve in 2024 could lower borrowing costs, benefiting SoFi's lending business [6][10] - Expectations of reduced regulatory scrutiny under a potential second Trump administration may create a more favorable operating environment for SoFi [6][10] Market Sentiment and Valuation - SoFi's stock surged 56% this month and nearly doubled in value over the past three months, achieving a 52-week high of $16.36 [1][4] - Despite a high forward P/E ratio of 136x, reflecting high investor expectations, SoFi's diversified revenue streams and growth trajectory justify its valuation [7][10] Future Outlook - AI predictions suggest SoFi's stock could reach between $19 to $21 by December 2024, contingent on continued member growth and successful monetization of new products [9][11]
Is It Too Late to Buy SoFi Technologies?
The Motley Fool· 2024-11-26 10:02
SoFi stock is up 60% this year and 130% in the last six months.In this video, I will talk about recent updates regarding SoFi Technologies (SOFI 0.64%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 22, 2024. The video was published on Nov. 22, 2024. ...
SoFi Technologies Rises 57% YTD: How Should You Play the Stock?
ZACKS· 2024-11-25 18:46
SoFi Technologies’ (SOFI) stock has soared 56.8% in the year-to-date period, outperforming the 23.5% rally of the industry it belongs to and 27.1% growth of the Zacks S&P 500 composite.The company’s shares have significantly outpaced its competitor Joint Stock Company Kaspi.kz’s (KSPI) 13.4% rise and Ally Financial Inc.’s (ALLY) 11.4% gain over the same period.YTD Price Performance Image Source: Zacks Investment Research As of the last trading session, SoFi Technologies’ stock price closed at $15.6, margina ...
SoFi Technologies: The Ride Higher Isn't Over Yet
Seeking Alpha· 2024-11-23 19:47
The last few months have been particularly good for shareholders of SoFi Technologies (NASDAQ: SOFI ). You see, back in August of this year, I wrote a bullish article about the company. In it, I did say thatCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms ...
SoFi Has Doubled From Its 52-Week Low -- But Could This Be Just the Beginning?
The Motley Fool· 2024-11-21 11:22
The banking disruptor's stock is finally starting to perform well. Is the upward momentum justified?SoFi (SOFI 1.73%) has more than doubled from its 52-week low, and based on its growth momentum and profitability, this isn't too surprising. In this video, longtime Fool.com contributors Matt Frankel and Tyler Crowe discuss the latest numbers, any causes for concern they see, and what could take SoFi's business to the next level in the years to come.*Stock prices used were the morning prices of Nov. 14, 2024. ...