SoFi Technologies(SOFI)
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SoFi: 10 Million Reasons To Still Own
Seeking Alpha· 2024-12-24 01:00
Group 1 - The article discusses the potential for undervalued stocks that are mispriced by the market, suggesting that investors should consider positioning themselves in these stocks by the end of 2024 [1] - The investing group "Out Fox The Street" is led by Mark, who provides stock picks and in-depth research aimed at helping readers identify potential multibaggers while managing portfolio risk through diversification [4] - Features of the investing group include model portfolios, stock picks with identifiable catalysts, daily updates, real-time alerts, and community chat access for direct interaction with Mark [4]
SoFi Technologies, Inc. (SOFI) Laps the Stock Market: Here's Why
ZACKS· 2024-12-23 23:51
The latest trading session saw SoFi Technologies, Inc. (SOFI) ending at $15.63, denoting a +1.82% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.73%. Elsewhere, the Dow saw an upswing of 0.16%, while the tech-heavy Nasdaq appreciated by 0.98%.Heading into today, shares of the company had lost 1.6% over the past month, outpacing the Finance sector's loss of 2.93% and lagging the S&P 500's gain of 0.34% in that time.The investment community will be paying ...
SoFi Technologies: Buy, Sell, or Hold?
The Motley Fool· 2024-12-21 23:00
The S&P 500 has been on fire, consistently reaching record highs and showcasing strong performance over the last two years. But when it comes to standout stocks, SoFi Technologies (SOFI 2.13%) has rocketed up by 261% since the beginning of 2023. SoFi's ability to expand its customer base and grow revenue has set it apart. After achieving its first quarterly net income a year ago, the fintech has maintained a streak of profitability, delivering several consecutive quarters of solid earnings.SoFi is reaping t ...
Prediction: SoFi Will Beat the Market. Here's Why
The Motley Fool· 2024-12-18 14:22
SoFi isn't just a banking company, it's a technology company too.Shares of SoFi (SOFI -1.30%) have been on fire in 2024 in large part because the company's lending business is performing better than expected and its financial services arm is growing at around 100% per year. In this video, Travis Hoium shows why SoFi stock will continue to beat the market.*Stock prices used were end-of-day prices of Dec. 16, 2024. The video was published on Dec. 17, 2024. ...
SOFI Stock Reaches 52-Week High: Is it Still a Good Time to Buy?
ZACKS· 2024-12-17 21:00
Core Viewpoint - SoFi Technologies, Inc. (SOFI) has experienced a significant stock price increase, attributed to favorable macroeconomic conditions, strong fundamentals, and strategic growth initiatives [1][3][8]. Group 1: Stock Performance - SOFI shares reached a 52-week high of $17.04, closing at $16.88, marking a 102% increase over three months compared to the industry's 11% rise [1]. Group 2: Factors Driving Growth - Recent Federal Reserve rate cuts have alleviated pressure on SOFI's lending business, reducing borrowing costs and encouraging loan origination and refinancing [3][4]. - SOFI's student loan-refinance business is expected to benefit from stricter loan-forgiveness policies, prompting borrowers to seek refinancing options [5]. - Continuous digitalization in the financial sector presents significant opportunities for SOFI, particularly through its online banking services and technology platform, Galileo [6][7]. Group 3: Financial Performance - In Q3 2024, SOFI reported a 30% year-over-year increase in net sales, transitioning from a $267 million net loss to a $61 million net income [8][9]. - All business segments contributed to revenue growth, with the Financial Services segment increasing by 102% year-over-year [10]. - SOFI's partnership with Fortress Investment Group aims to diversify revenue streams towards fee-based models [10]. Group 4: Future Earnings Estimates - The Zacks Consensus Estimate for SOFI's 2024 earnings is projected at 12 cents, indicating a 133.3% growth from the previous year, with further increases expected in 2025 [12]. - Analysts have shown strong confidence in SOFI's future performance, with six upward revisions in earnings estimates for 2024 and no downward revisions in the past 60 days [13][15].
Better Fintech Stock: SoFi Technologies vs. Nu Holdings
The Motley Fool· 2024-12-17 20:56
These seemingly similar companies are different in a handful of ways that matter to investors.Are you looking for a new fintech name to add to your portfolio? It's certainly an area worth a look. The convergence of these two distinct sectors (finance and technology) is creating some incredible growth opportunities.In fact, it has arguably made for too many options. Take Nu Holdings (NU -0.30%) and SoFi Technologies (SOFI -1.01%). Both are great online banks, leading their respective markets. But some invest ...
Should You Buy SoFi Stock Before 2025?
The Motley Fool· 2024-12-17 16:30
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. ...
Where Will SoFi Stock Be in 5 Years?
The Motley Fool· 2024-12-16 11:00
SoFi Technologies' (SOFI 2.20%) business has consistently grown since going public in 2020. You can't say the same about its stock price. SoFi stock has trailed the market since its debut, posting a 46% total return compared to 77% for S&P 500 index holders. For years now, the share price has underperformed index funds, which is likely frustrating investors.The underlying business has grown much quicker. Revenue is up a cumulative 263%, making it one of the fastest-growing companies in public markets since ...
Could Buying SoFi Stock Today Set You Up for Life?
The Motley Fool· 2024-12-14 08:30
Every investor is looking for the next Apple or Nvidia. Putting even a small amount into either of those stocks when they were just starting out would be giving investors staggering results today.That's why it's so important to have a diversified portfolio of excellent stocks. You only need one to take off to create incredible market success, but you won't know which one it will be.SoFi Technologies (SOFI 2.20%) is a young fintech superstar. Could SoFi stock set you up for life?Why SoFi looks so compellingS ...
SoFi Stock Is A Steal At Its Current Price
Seeking Alpha· 2024-12-14 03:30
Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!Daniel Sereda is chief investment analyst at a family office whose investments span continents and diverse asset classes. This requires him to navigate through a plethora of information on a daily basis. His expertise is in filtering this wealth of data to extract t ...