SoFi Technologies (NASDAQ:SOFI) can't catch a break. After the fintech doubled in 2023, SOFI stock lost a third of its value so far in 2024. And that's despite posting fairly decent earnings in the first and second quarters. There are headwinds as it changed course to take a more conservative approach to its balance sheet this year, but long-term investors should appreciate that. There is significant risk if the economy spirals into a recession, yet SoFi Technologies is improving its financial position. It ...

The market was enthusiastic about bank stocks. SoFi Technologies (SOFI 2.72%) stock gained 14% in July, according to data provided by S&P Global Market Intelligence. The stock soared after the Federal Reserve indicated that it might cut interest rates in September. However, it's fallen again since reporting earnings at the end of the month. Banks are sensitive to interest rates It wasn't only SoFi stock that soared in July. Bank stocks, as an industry, jumped on the news that interest rates might finally co ...

J Studios My thesis SoFi Technologies (NASDAQ:SOFI) is an impressive and promising business. Its revenue growth demonstrates impressive growth, outpacing growth projections for the whole fintech industry. The business model of a "one-stop shop for financial services" works well, as the company's profitability profile demonstrates impressive improvements in line with revenue growth. I have high confidence in SoFi's potential to sustain its impressive growth trajectory, as it has a strong cross-selling potent ...

Fintech giant SoFi Technologies (NASDAQ:SOFI) silenced its skeptics again by posting another stellar quarterly report and blowing past expectations across both lines. Yet, SOFI stock remains surprisingly unmoved, having shed more than 10% in the past week alone. Nevertheless, its robust financial health, looming interest rate cuts, and dynamic growth in its financial services division make it a buy at current prices. SoFi had a forgettable run at the stock market over the past year, trading 74% behind its a ...

SoFi stock continues to drop despite an impressive second-quarter report. The stock market is filled with mystery. One stock that consistently piques my curiosity is financial services and banking platform SoFi (SOFI -1.65%). Over the last few years SoFi has managed to disrupt the financial services industry by aggressively acquiring customers -- particularly in the desirable Gen Z and millennial demographics. The company's second-quarter earnings demonstrated that management's growth plan continues to take ...

Dilok Klaisataporn I have given a buy recommendation three times for SoFi Technologies (NASDAQ:SOFI). My first two recommendations called this financial institution a speculative buy here and here. In my last buy recommendation, I called the stock "a buy for risk-taking investors." So far, two of those recommendations have yet to pay off. My first buy recommendation is down 41.60% compared to the S&P 500's (SPX) rise of 23.93%. My second recommendation is down 0.53% compared to the S&P 500's 11.72% rise. My ...

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1 08:00 1004 I t 1 100 I E 1 E Rich Fury Introduction SoFi (NASDAQ:SOFI) just reported what turned out to be one of, if not, the best quarter in the history of the company, beating analyst estimates in Revenue, EPS, and guidance. This is despite a challenging macro environment with low consumer sentiment, high interest rates, and high inflation. And despite the triple beat on earnings — which the company has delivered multiple times over the course of its time as a publicly traded company — SoFi only traded ...

Let's draw some lines and have a good time! SoFi Technologies (NASDAQ:SOFI) just posted a highly positive second-quarter 2024 financial report. This could allow the buyers to take control of the stock's price action. With just a few chart lines, a quick SOFI technical analysis will surely convince you that SoFi stock is on its way to $10 or even higher. Just to recap, SoFi Technologies' Q2-2024 adjusted net revenue of around $597 million beat Wall Street's consensus estimate of $565 million. Furthermore, So ...

SoFi Key driver once again was the roll-out of new (personal finance) products that are seeing strong customer uptake by the platform's members. Total products offered on the SoFi platform totaled 12,776, implying a growth rate of 36% year over. This growth is mainly driven by SoFi's financial services products (+39% YY) which grew more than twice as fast as the platform's lending products (+19% Y/Y). Products (2) YoY Growth 121% 105% 84% 5.9% 46% 43% 45% 41% (2000 (000%) Now Products t Additions (10) of 94 ...