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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
SoFi Technologies (NASDAQ: SOFI) has captured the spotlight in the market, with its stock surging 56% this month and nearly doubling in value over the past three months. Currently trading at $16.36, the stock has reached a 52-week high. The fintech giant’s rally has been driven by strong Q3 earnings, record member growth, and optimism about potential regulatory rollbacks under a second Trump administration.Jim Cramer, the outspoken host of CNBC’s Mad Money, urged investors to go long on SoFi earlier this ye ...
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. ...
SoFi: Pessimism Didn't Pay Off
Seeking Alpha· 2024-11-20 13:30
JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...
SoFi Stock vs. Palantir Stock: Wall Street Expects Earnings to Soar 48% for One and 115% for the Other in 2025
The Motley Fool· 2024-11-20 09:42
Many tech and artificial intelligence (AI) stocks trade at huge valuations, implying big earnings growth in the years to come, which is why investors are so bullish on these companies. They are buying earnings and growth in the future. The fintech SoFi Technologies (SOFI 3.52%) and the artificial intelligence company Palantir Technologies (PLTR 2.81%) both fit this description. Each has had a big year, with SoFi's stock up over 41% this year and Palantir's up over 296%.With 2024 winding down, Wall Street is ...
Here is What to Know Beyond Why SoFi Technologies, Inc. (SOFI) is a Trending Stock
ZACKS· 2024-11-19 15:06
SoFi Technologies, Inc. (SOFI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this company have returned +33.9%, compared to the Zacks S&P 500 composite's +0.6% change. During this period, the Zacks Financial - Miscellaneous Services industry, which SoFi Technologies falls in, has gained 4%. The key question now is: What could be the stock's future direc ...