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 ...

Positive Earnings and the SOFI Stock Outlook SoFi recently released their excellent Q1 2024 results. The company reported 37% revenue increase and a positive net income. Although the stock remains 72% below its peak, SoFi's growth potential goes beyond sales and earnings, making it a promising value stock to own in the long-term. Sectors such as its Financial Services and Technology Platforms drove SoFi's growth. It contributed 42% of its net revenue, shifting to a more balanced revenue mix. Moreover, the f ...

Over the past month, shares of this company have returned -0.1%, compared to the Zacks S&P 500 composite's +2% change. During this period, the Zacks Technology Services industry, which SoFi Technologies falls in, has gained 1.6%. The key question now is: What could be the stock's future direction? SoFi Technologies, Inc. (SOFI) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Al ...

SoFi's recent plunge in the days following its earnings announcement could be an excellent dip-buying opportunity for long-term investors.SoFi Technologies (SOFI -1.70%) recently reported solid first-quarter earnings as its lending business slowed, while two of its newer revenue streams boosted it. The company beat analysts' estimates and raised its annual earnings guidance, but that didn't stop the stock from falling more than 10% after its announcement. The dip could prove to be an opportunity for long-te ...

This fast-growing digital bank deserves a closer look from investors.SoFi Technologies (SOFI -1.70%) just reported solid 2024 first-quarter results. Revenue jumped 37% year over year, and the digital-banking provider posted its second straight positive-net income. These are encouraging signs.Nonetheless, the fintech stock remains about 72% off its peak price (as of May 6). Investors looking to score huge long-term returns might have their eyes on this business, especially as it has potential to continue gro ...

Dilok Klaisataporn I last wrote about SoFi Technologies (NASDAQ:SOFI) on February 5, 2024, several days after it jumped around 20% in response to great earnings and almost immediately dropped back to its previous price before reporting its fourth-quarter 2023 results. I had recommended a buy following that pullback. SoFi reported its most recent results, first quarter 2024 earnings, on April 29, before the bell, and the results looked great. The company beat analysts' revenue estimates by 3.6% and beat anal ...

SoFi stock is down nearly 30% so far this year.Financial services businesses aren't exactly the most exciting. However, banks and brokerage stocks have proven to be solid investment choices over a long-term horizon.In fact, billionaire investor Warren Buffett has held positions in financial services companies, including American Express, Visa, Mastercard, and Bank of America, for years. The main reason for his conviction is that despite the mundane nature of these businesses, they tend to generate steady ca ...