SoFi Technologies(SOFI)
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Is This Beaten-Down Fintech Growth Stock a Better Buy Than SoFi?
The Motley Fool· 2024-04-20 07:56
Investors can identify favorable qualities in both of these innovative businesses.Not all stocks have benefited from the stock market's recent bull run. In fact, some have had disappointing performances this year and remain well off their all-time highs.For example, shares of Lemonade (LMND 0.83%) sit 91% below their peak. Still, there might be some investors who appreciate what the business is doing and where it might be headed.But is this beaten-down growth stock a better buy than fintech peer SoFi Techno ...
Load Up on These 3 Student Loan Stock Plays if Biden Beats the Courts
InvestorPlace· 2024-04-18 19:26
The Biden administration has formally proposed a new plan for student loan forgiveness to assist millions of borrowers. The plan was created after the U.S. Supreme Court invalidated President Biden’s initial wide-scale loan cancellation effort. It is designed to target and adhere to the regulatory process more. This development has led to some top student loan stocks to buy.Borrowers of any income level could receive up to $20,000 in cancellation for the unpaid interest portion of their debt. Thus, signific ...
SoFi: Disconnect With Big 2026 Targets
Seeking Alpha· 2024-04-14 23:00
Devrimb/iStock via Getty Images No matter the positive growth story from SoFi Technologies (NASDAQ:SOFI), the stock just limps along. The market is fixated with GAAP profits, yet the company is already highly profitable, warranting a higher stock price. My investment thesis is ultra Bullish on the stock based on the big 2026 financial targets and the lagging stock price disconnected by investors due to constant irrational fears. Source: Finviz Always Negative Spin SoFi recently completed a convertib ...
CPI Comes in Hot: Is SoFi Stock in Trouble?
The Motley Fool· 2024-04-12 10:01
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. ...
Earnings Estimates Moving Higher for SoFi Technologies (SOFI): Time to Buy?
Zacks Investment Research· 2024-04-10 17:21
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 ...
Is This SoFi Stock's Biggest Risk Right Now?
The Motley Fool· 2024-04-10 13:05
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 Stock: Why This $10 Price Target Could Be Just the Beginning
InvestorPlace· 2024-04-10 10:10
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 Best Is Yet to Come: 1 Fintech Stock to Buy Now and Hold Forever
The Motley Fool· 2024-04-09 13:30
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 Has 42% Upside, According to 1 Wall Street Analyst
The Motley Fool· 2024-04-09 12:44
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 $ ...
Citi Is Pounding the Table on SOFI Stock With New ‘Buy' Rating
InvestorPlace· 2024-04-08 16:08
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. ...