SoFi (NASDAQ:SOFI) stock is down by about 30% so far this year. That comes despite an impressive first- quarter earnings report that saw revenue grow by 37% year-over-year (YOY) to $645 million. Meanwhile, diluted EPS attributable to common stockholders was 2 cents compared to a loss of 5 cents a year ago. In other words, SoFi is profitable — a key goal for any publicly traded company. The SOFI stock bears argue that the company should be valued as a bank. SoFi announced in January 2022 that the Office of t ...

The company exceeded market estimates two consecutive times in a row, especially its Financial Services and Technology Platforms. These segments saw significant sales growth, emphasizing SoFi's diversified revenue streams beyond lending. Its SoFi's earnings report revealed a 26% year-over-year increase in net sales, with its financial services segment soaring by 33%. The company maintained a solid top line despite concerns about high interest rates. Losing over 18% of its value because of a challenging mark ...

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. ...

SoFi Technologies Financial Performance - SoFi Technologies reported GAAP earnings per share of 2 cents, beating forecasts of 1 cent per share [3] - Net revenue for the quarter was $580.65 million, moderately ahead of consensus [3] - Year-over-year growth: net revenue up 26%, adjusted EBITDA up 91%, tangible book value up 28% [4] - Membership growth of 44% and total products growth of 38% compared to Q1 2023 [4] - Company slightly raised full-year revenue and earnings guidance [4] Market Sentiment and Concerns - Despite strong results, SoFi Technologies stock continues to slump with bearish market sentiment [1] - 17.6% of float sold short, indicating Wall Street's downside risk perception [2] - Lending revenue declined during the quarter [5] - Updated guidance for current quarter fell short of expectations [5] - Concerns persist about credit quality and loan accounting practices [5] Analyst Perspective and Future Outlook - Mizuho's Dan Dolev maintains $12 per share price target, citing encouraging signs in delinquent loan sales and lending growth prudence [6] - Sell-side forecasts predict EPS to nearly triple next year to 23 cents, with high-end 2025 forecasts at 36 cents [7][8] - Potential for earnings to scale up to $1 per share in a few years, compared to current $7.30 share price [10] - Operating leverage likely to drive exponential earnings growth, making current 88.3x forward earnings multiple potentially justified [9] Business Growth and Opportunities - Non-lending business segments continue to grow at above-average rates [7] - Company has reached profitability point, where incremental revenue growth will have outsized impact on earnings [7] - Macro normalization by 2025 could pave way for lending growth resurgence [8] - Positive developments could drive stock price substantially higher [8]

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. 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. Parkev Tatevosian, CFA has positions in PayPal. The Motley Fool has positions in and recommends PayPal. The Motley Fool recommends the following options: short June 2024 $67.50 calls on PayPal. The Motley Fool has a disclosure policy. ...

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. ...

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. 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. ...

Dilok Klaisataporn/iStock via Getty Images Since then, SOFI has unfortunately pulled back by another -13.1% well underperforming the wider market at -2.5%. Despite so, we are maintaining our Buy rating, due to the promising growth in its top/ bottom lines as the management executes the dual pronged growth as both an online bank and a fintech. Combined with the growing bank deposits, the contribution to its lower cost funding, the promising reversal in its GAAP profitability, and the stock price's pullback, ...

The stock's plunge may not be warranted. SoFi Technologies (SOFI 5.06%) recently shifted from a hyped-up growth stock to a profitable fintech powerhouse. Some investors took their gains as SoFi reached its goal of profitability, and SoFi stock is down 30% this year. It's now trading below $7 and close to its lowest-ever levels. Is SoFi stock ever going back up? Or should you avoid it? Growth + profits = a great business SoFi is an all-digital financial services app that offers lending, banking, and other se ...