Fintech giant SoFi Technologies (NASDAQ:SOFI) silenced its skeptics again by posting another stellar quarterly report and blowing past expectations across both lines. Yet, SOFI stock remains surprisingly unmoved, having shed more than 10% in the past week alone. Nevertheless, its robust financial health, looming interest rate cuts, and dynamic growth in its financial services division make it a buy at current prices. SoFi had a forgettable run at the stock market over the past year, trading 74% behind its a ...

SoFi stock continues to drop despite an impressive second-quarter report. The stock market is filled with mystery. One stock that consistently piques my curiosity is financial services and banking platform SoFi (SOFI -1.65%). Over the last few years SoFi has managed to disrupt the financial services industry by aggressively acquiring customers -- particularly in the desirable Gen Z and millennial demographics. The company's second-quarter earnings demonstrated that management's growth plan continues to take ...

The stock is trading down 20% this year while the market is soaring. 2024 has been another painful year for SoFi Technologies (SOFI -7.12%) investors. The financial services app is down around 20% and now off 71% from all-time highs set in 2021. All the while the S&P 500 index and Nasdaq market indices are soaring. Banks and lenders have struggled in recent years as the Federal Reserve raised interest rates at one of its fastest paces in history, presenting a headwind to these businesses. SoFi just reported ...

It delivered another blowout quarter, but the stock fell. SoFi Technologies (SOFI -7.12%) stock has been in a slump this year. It hasn't managed to wow investors despite a strong performance, and it's lost a good chunk of its 2023 gains, which topped 100%. The fintech superstar cranked out another fabulous report for the second quarter. Is it finally time to buy? What's happening at SoFi SoFi delivered solid results for the 2024 Q2, beating internal guidance across the board and Wall Street's expectations. ...

EschCollection We've been tempted to write about SoFi Technologies (NASDAQ:SOFI) before, but it's never seemed like quite the right time to do so. While the company's 'one stop shop' financial product suite and white label platform businesses appear attractive on the surface, the economic environment, concentrated exposure to student loans & mortgages, and excessive stock-based compensation have put the neobank under intense scrutiny from investors and short sellers. SOFI's growth has been strong, but profi ...

SoFi Technologies, Inc. (SOFI) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate re ...

Dilok Klaisataporn I have given a buy recommendation three times for SoFi Technologies (NASDAQ:SOFI). My first two recommendations called this financial institution a speculative buy here and here. In my last buy recommendation, I called the stock "a buy for risk-taking investors." So far, two of those recommendations have yet to pay off. My first buy recommendation is down 41.60% compared to the S&P 500's (SPX) rise of 23.93%. My second recommendation is down 0.53% compared to the S&P 500's 11.72% rise. My ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

1 08:00 1004 I t 1 100 I E 1 E Rich Fury Introduction SoFi (NASDAQ:SOFI) just reported what turned out to be one of, if not, the best quarter in the history of the company, beating analyst estimates in Revenue, EPS, and guidance. This is despite a challenging macro environment with low consumer sentiment, high interest rates, and high inflation. And despite the triple beat on earnings — which the company has delivered multiple times over the course of its time as a publicly traded company — SoFi only traded ...

Goldman Sachs analyst Michael Ng reiterated a Neutral rating on Sofi Technologies Inc SOFI with a price target of $7.50. Ng noted Sofi Technologies upgraded its full-year net income outlook to $175 million—$185 million (versus $165 million—$175 million prior). The analyst writes that adjusted EBITDA margins should continue to ramp throughout the year to 25% for the full year 2024 as the company optimizes its capital structure towards using lower-cost deposits as a funding source and improves unit economics ...