Investors might want to bet on SoFi Technologies, Inc. (SOFI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

The Nasdaq Composite index has been on fire. As of this writing, it has surged 57% since the start of 2023, and it's up about 9% just this year. Investors are showing bullish sentiment as they are optimistic about the state of the economy.You might think, therefore, that there aren't attractive buying opportunities. But that's just not true. Investors can certainly find compelling businesses.Here's one no-brainer growth stock to buy right now with $100 and hold through 2024 and beyond.Disrupting the financi ...

SoFi Technologies‘ (NASDAQ:SOFI) stock recent Q4 results indicate increased efficiency and end market demand. The company’s tech division saw key margin expansion due to its process improvements and scalable business strategy. Operating expenses declined by 17%, yet SoFi’s adjusted EBITDA margin rose 74% year-over-year  for SoFi, which indicates efficient operations. The company’s financial services sector saw a $25 million contribution profit and a 115% increase in net sales to $139 million year-over-year. ...

Daniel Boczarski SoFi Technologies (NASDAQ:SOFI) has very good growth prospects in the fintech sector and its current valuation is attractive, making it an interesting growth play for long-term investors. Business Overview SoFi Technologies is a fintech company, combining financial services and technology offerings for its customers. The company was founded in 2011, named Social Finance, Inc., at the time focused on student loan refinancing activities, while it gradually expanded its product offering, to mo ...

The latest trading session saw SoFi Technologies, Inc. (SOFI) ending at $7.44, denoting a +1.09% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.32%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.2%.The company's stock has dropped by 9.25% in the past month, falling short of the Business Services sector's gain of 5.27% and the S&P 500's gain of 5.11%.Market participants will be closely following the financial results of SoFi ...

According to Fortune Business Insights, the global fintech market is estimated to be worth $882 billion in 2030, signaling a compound annual growth rate (CAGR) of 17% between 2023 and 2030. That sets the stage well for high-growth fintech companies, such as SoFi (NASDAQ:SOFI). During the fourth quarter, SoFi reported adjusted revenue growth of 34% to $594 million. At the same time, shares of SOFI stock are down by nearly 30% in 2024.Fortune added that the Covid-19 pandemic acted as a major tailwind for the ...

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Key PointsSoFi had a record Q4 2023 with a GAAP EPS of 2 cents and 35% revenue growth to $615.5 million, beating consensus estimates for $572.02 million.SoFi added 585,000 new members, bringing total membership through 7.5 million members, up 44% YoY.SoFi expects revenue growth of 20% to 25% from 2023 to 2026.5 stocks we like better than SoFi TechnologiesFintech provider SoFi Technologies Inc. NASDAQ: SOFI is a one-stop shop for financial services conveniently accessible around the clock through its mobile- ...

SALT LAKE CITY--(BUSINESS WIRE)--Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), announced today an expansion of its Buy Now, Pay Later offering that allows banks and fintechs to offer cardholders new post-purchase installment payment options via their existing debit or credit card account. In addition to its Galileo Buy Now, Pay Later (BNPL) pre-purchase offering, the new API-enabled BNPL post-purchase offering is built for banks an ...

Justin Sullivan Introduction I initiated coverage of SoFi Technologies, Inc. (NASDAQ:SOFI) stock in January 2023 with a "Buy" rating, stating at the time that the company was an interesting growth story for long-term investment and had a medium-term upside potential of over 30-50%. Seeking Alpha, my coverage of SOFI stock Over the course of the year, that upside potential was gradually realized: despite the stock's high volatility, it continued to recover against the backdrop of the company's rapidly i ...