The market can stay irrational longer than you can stay solvent. In today's video, I will be talking about the recent updates regarding SoFi Technologies (SOFI -1.43%). Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were from the trading day of Oct. 4, 2024. The video was published on Oct. 7, 2024. ...

Not all of her investment picks are expensive. Cathie Wood of Ark Invest has garnered a large following thanks to her conviction in emerging markets, such as biotechnology and artificial intelligence (AI). But she also holds some investments in companies in less-cutting edge industries. So let's explore fintech company SoFi Technologies (SOFI 0.51%), which I think this is a rare example of a stock in Ark's portfolio where the share price and the underlying fundamentals are disconnected. With shares of SoFi ...

The Fed's interest rate cuts should only fuel the fire for this hypergrowth fintech. The Federal Reserve recently announced a 50-basis-point reduction to the U.S. economy's benchmark interest rate to kick off what should be an easing cycle in which interest rates throughout the economy decline. The Fed had ratcheted up rates in 2022 to combat rampant inflation. Rate changes affect consumers, businesses, and almost every other part of the economy. Companies that borrow or lend money are especially sensitive, ...

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Social Finance Inc., or SoFi Technologies, Inc. (NASDAQ: SOFI ), is a one-stop-shop financial platform that primarily engages in banking, lending, debt consolidation (including student loans), and operating a brokerage. It also operates Galileo Financial Technologies, a fintech company operating primarily in the B2B space, while Financial advisor and social science educator from Southern California.I have an obsession with alternatives, income-producing assets, and technology firms. My work will mostly cove ...

SoFi is no longer just a lender. The stock of SoFi Technologies (SOFI 2.45%) has been crushed this year after doubling last year. It's down 20% year to date despite what seems like pretty solid performance. However, the tide might turn, and soon. Let's see why SoFi stock could soar over the next five years. Expanded business, lower interest rates SoFi's main business is lending, but it has expanded into a large array of financial services like bank accounts and investments. Offering other services provides ...

SoFi Technologies, Inc. (NASDAQ: SOFI ) has had several remarkable years since going public, yet the stock has traded flat to down the whole period. Investors tend to place too much emphasis on how a stock trades over the Mark leads the investing group Out Fox The Street where he shares stock picks and deep research to help readers uncover potential multibaggers while managing portfolio risk via diversification. Features include various model portfolios, stock picks with identifiable catalysts, daily update ...

In the latest trading session, SoFi Technologies, Inc. (SOFI) closed at $7.73, marking a -1.28% move from the previous day. This change lagged the S&P 500's daily loss of 0.19%. On the other hand, the Dow registered a loss of 0.7%, and the technology-centric Nasdaq increased by 0.04%. Heading into today, shares of the company had gained 0.77% over the past month, lagging the Finance sector's gain of 1.52% and the S&P 500's gain of 1.95% in that time. The investment community will be closely monitoring the p ...

Core Viewpoint - Cathie Wood's Ark Innovation ETF (ARKK) has gained over 20% in the past year, focusing on stocks involved in disruptive innovation, with SoFi Technologies, Inc. (SOFI) being a notable example [1] Company Overview - SoFi Technologies, Inc. has evolved from a student-loan provider to a versatile fintech company, yet its stock has underperformed the Technology Services industry year to date, down 20.4% compared to the industry's gain of 25.1% [2] - The underperformance is attributed to elevated interest rates impacting SoFi's lending business, which generates the majority of its revenue [2] Interest Rate Impact - The Federal Reserve recently cut interest rates by 50 basis points, maintaining key rates between 4.75% and 5%, marking the first easing of monetary policy in four years [3] - Further rate cuts are anticipated, with notable investment banks expecting additional reductions in 2025 and 2026 [4] - A lower interest rate environment is expected to reduce SoFi's borrowing costs, enabling more investment in technology and enhancing its lending business [5] Lending Business Prospects - As borrowing costs decrease, consumer spending is likely to increase, positively impacting SoFi's lending segments, including home equity, home lending, and purchase loans [6] - SoFi has improved its small and medium-scale business lending platform and is focusing on secured lending products to mitigate risks [7] Growth Initiatives - SoFi is diversifying its financial services beyond lending, with an investment platform offering various products, positioning the company for future expansion [8] - The introduction of multiple products is expected to enhance operating income and profitability, with initiatives in credit cards and a growing demand for the SOFI Plus premium membership program [9] Stock Outlook - The Zacks Consensus Estimate for SOFI's earnings per share is projected at 10 cents, reflecting a 233.3% increase from the previous year [10] - Prominent brokers have raised the average short-term price target for SOFI by 7.2%, with the highest target at $12, indicating a potential upside of 49.1% from the last closing price of $8.05 [11]

Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today! Daniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract ...