SoFi’s (NASDAQ:SOFI) fourth-quarter results, announced on Jan. 31, were quite impressive, as they showed that the fintech firm is growing quite rapidly and has managed to effectively monetize its popularity among millenials and Generation Z. The fintech’s profitability, however, remains low, while the valuation of SOFI stock is still quite elevated. This is a key part of my SOFI stock analysis.Although I’m much less concerned than I was previously about the quality of the firm’s loan portfolio, I believe th ...

Investors can't make up their minds about SoFi Technologies (SOFI -4.70%) stock. It soared after a fantastic quarterly report and then immediately tumbled.But while there's certainly risk with a fairly young company that's yet to truly disrupt traditional banking, there are many reasons to be confident about SoFi's future. Here are five of them.1. It's expecting high growth for the next few yearsSoFi was reporting some truly incredible growth rates for a while, but they've decelerated in the high-interest-r ...

It’s been a slow start to the year for SoFi (NASDAQ:SOFI), as shares of the personal finance company have lost about 15% so far. That comes despite SoFi reporting its first-ever profitable quarter.During the fourth quarter, SoFi reported revenue growth of 34% to $594 million and a GAAP EPS of two cents, equivalent to net income of $48 million. Analysts were expecting revenue of $571.51 million and a GAAP EPS of 0 cents.“We saw new member adds of nearly 585,000 and growth of 44% for total period end members ...

SOPA Images/LightRocket via Getty Images Thesis Back in May last year, I covered SoFi Technologies, Inc. (NASDAQ:SOFI), where I discussed the company’s strong range of products but assigned a hold rating to the stock due to the FED’s hiking cycle, which I believed posed a risk to the company’s loan portfolio. However, SOFI has continued to do well, and the stock is up 67% since my article. The company has continued to post strong result and has been able to grow its deposit base & benefiting from lower ...

SoFi Technologies (SOFI -1.99%) has been a big winner over the past year, with the stock gaining 85% since the start of 2023. The fintech has skillfully transformed its business in recent years, which is paying off as it recently posted its first profitable quarter ever.The company is improving its bottom line as it continues adding customers at a rapid rate. Despite this, the stock is still 67% below its peak price from early 2021. Is now a good time to add SoFi to your portfolio?SoFi transformed into a fu ...

In the banking sector, an industry that has long been ripe for disruption, SoFi Technologies (SOFI -1.99%) has found tremendous success. The business prioritizes offering a superior customer experience, which is bolstered by a digital-only operation.Shares are currently 67% below their peak price, but they have climbed roughly 20% in the last 12 months. Bullish investors are hoping the good times can continue. If we look out over the next three years, where will this fintech stock be?Growth is key for SoFiI ...

Shares of SoFi (NASDAQ:SOFI) stock are down by more than 10% so far this year, although a major institutional investor just disclosed that it has increased its stake in the company. Yesterday was the fourth-quarter 13F deadline, revealing to the public institutional investments as of Dec. 31. During the quarter, Ken Griffin’s Citadel Advisors boosted its existing SoFi stake by 632%, picking up 3.92 million shares. Following the purchase, the multinational hedge fund now owns 4.55 million shares of SOFI stoc ...

Financial technology (fintech) powerhouse and online bank SoFi Technologies (NASDAQ:SOFI) saw its value slip due to broader market weakness. However, over the long term, the company’s recently inked partnership with the National Basketball Association (NBA) and one of its league’s top stars may help move the needle over the long run. However, one of the counterarguments about SOFI stock is the lack of sustained upside.Earlier Tuesday, an official press release announced that SoFi will become the official ba ...

The banking industry is ready for disruption. Legacy stalwarts play a major role in how money moves around the world, but advancements in technology have been making waves in the banking space for some time. So-called "neobanks" -- including SoFi (SOFI -3.54%) -- have risen in popularity thanks to a unique approach of marrying financial services with a mobile-first platform.SoFi offers many of the same products as larger banks do. However, you may not be familiar with the company as it doesn't have brick-an ...

SAN FRANCISCO--(BUSINESS WIRE)--The National Basketball Association (NBA) and SoFi today jointly announced a multi-year partnership making SoFi the official banking partner of the NBA, NBA G League, NBA 2K League and USA Basketball. SoFi, the bank and personal finance company, will also be the official entitlement partner of the SoFi NBA Play-In Tournament. SoFi is also partnering with five-time NBA All-Star Jayson Tatum to establish the SoFi Generational Wealth Fund, into which SoFi is donating $1 milli ...