Will SoFi stock continue to underperform in a high interest rate environment?In this video, I will cover the recent updates regarding SoFi Technologies (SOFI 1.06%), as well as the recent inflation numbers and how that could impact the stock.*Stock prices used were from the trading day of April 10, 2024. The video was published on April 11, 2024. ...

SoFi Technologies, Inc. (SOFI) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are 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 est ...

Investors need to dig beneath the surface with this innovative banking disruptor.SoFi Technologies (SOFI 1.68%) hasn't had a great year thus far. Its shares are currently down 23% in 2024 (as of April 8). That's not encouraging, particularly when the Nasdaq Composite Index is up 8%.But this fintech stock has climbed 66% since the start of 2023. And some investors might be warming up to the idea of owning a growth-focused digital bank in their portfolios with the hopes of achieving market-beating returns ove ...

SoFi Technologies (NASDAQ:SOFI) has come a long way from its early days as an up-and-coming personal-finance app. Now, SoFi is a legitimate bank and a respected lender. The market is still deciding on the SOFI stock price, which will likely be in the double digits soon. As the stock hops around, you might wonder whether SoFi really has what it takes to be a winner. Indeed, a recent capital-raising effort might cause you to wonder about SoFi. Don’t overlook this issue, but it’s not a deal breaker for SoFi Te ...

The fintech landscape is fiercely competitive. But one company is quietly disrupting financial services in a big way.The financial services industry is hyper competitive. Legacy banks such as Wells Fargo have commanding footprints in the banking realm.But like any other industry, new players eventually enter the competitive landscape. SoFi Technologies (SOFI 4.87%) is quietly disrupting the banking sector, and you may not even realize it. The company does not have physical branches -- it operates solely onl ...

SoFi stock is growing profits by leaps and bounds, and an $11 price target could be conservative.In December 2021, Citigroup initiated coverage of the recent SPAC IPO and "social finance" company SoFi Technologies (SOFI 4.87%). Analyst Ashwin Shirvaikar predicted SoFi's "differentiated combination of consumer and enterprise services" and "member-centric approach" would "lead to rapid member growth and engagement." He was right.From 2021 through 2023, SoFi more than doubled its revenue from $977 million to $ ...

Shares of SoFi (NASDAQ:SOFI) stock are in the green after Citi analysts led by Ashwin Shirvaikar resumed coverage of the stock with a price target of $11 and a “buy” rating.Shirvaikar believes that SoFi’s recent debt-for-equity transaction should help improve its total risk-based capital ratio and expected GAAP income for the first quarter. Last month, the company announced and closed an agreement that saw it issue 72.62 million shares in exchange for $600 million of 0% senior convertible notes due in 2026. ...

SoFi (NASDAQ:SOFI) stock is moving higher after the personal finance company received a price target update from Keefe, Bruyette & Woods (KFW).KFW raised its SOFI stock price target to $7.50 from $6.50 while upgrading its rating to “market perform” from “underperform.” In January, the research firm lowered its price target to $6.50 from $7.50.While KBW analyst Timothy Switzer still has concerns about earnings risk over the long term, he believes that the risk of near-term negative catalysts has been reduced ...

Shares of fintech powerhouse SoFi Technologies (NASDAQ:SOFI) have witnessed some rough waves this year. Still, SOFI stock is receiving a mid-week pop today courtesy of an optimistic analyst view. With the underlying company expanding its products and services, SoFi could rise above the muck.Needham analyst Kyle Peterson just initiated coverage of SOFI stock with a “buy” rating. In addition, the expert has a $10 price target for shares. Peterson wrote in a note to investors:“We view SoFi as a long-term winne ...

Fintech stalwart SoFi (NASDAQ:SOFI) is facing a significant test with its approaching first-quarter earnings report due April 29. The news comes amid skepticism among Wall Street analysts regarding the forward viability of the company. Although a popular name among retail investors, SOFI stock has lost more than 25% year-to-date (YTD).As of this writing, 13 analysts have weighed in on SoFi’s bottom-line target for Q1. The average earnings consensus comes in at 1 cent per share, with a high estimate of 4 cen ...