SoFi (NASDAQ:SOFI) stock is moving higher after the personal finance company received a price target update from Keefe, Bruyette & Woods (KFW).KFW raised its SOFI stock price target to $7.50 from $6.50 while upgrading its rating to “market perform” from “underperform.” In January, the research firm lowered its price target to $6.50 from $7.50.While KBW analyst Timothy Switzer still has concerns about earnings risk over the long term, he believes that the risk of near-term negative catalysts has been reduced ...

Shares of fintech powerhouse SoFi Technologies (NASDAQ:SOFI) have witnessed some rough waves this year. Still, SOFI stock is receiving a mid-week pop today courtesy of an optimistic analyst view. With the underlying company expanding its products and services, SoFi could rise above the muck.Needham analyst Kyle Peterson just initiated coverage of SOFI stock with a “buy” rating. In addition, the expert has a $10 price target for shares. Peterson wrote in a note to investors:“We view SoFi as a long-term winne ...

Fintech stalwart SoFi (NASDAQ:SOFI) is facing a significant test with its approaching first-quarter earnings report due April 29. The news comes amid skepticism among Wall Street analysts regarding the forward viability of the company. Although a popular name among retail investors, SOFI stock has lost more than 25% year-to-date (YTD).As of this writing, 13 analysts have weighed in on SoFi’s bottom-line target for Q1. The average earnings consensus comes in at 1 cent per share, with a high estimate of 4 cen ...

Investors might want to bet on SoFi Technologies, Inc. (SOFI) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. ...

The Nasdaq Composite index has been on fire. As of this writing, it has surged 57% since the start of 2023, and it's up about 9% just this year. Investors are showing bullish sentiment as they are optimistic about the state of the economy.You might think, therefore, that there aren't attractive buying opportunities. But that's just not true. Investors can certainly find compelling businesses.Here's one no-brainer growth stock to buy right now with $100 and hold through 2024 and beyond.Disrupting the financi ...

SoFi Technologies‘ (NASDAQ:SOFI) stock recent Q4 results indicate increased efficiency and end market demand. The company’s tech division saw key margin expansion due to its process improvements and scalable business strategy. Operating expenses declined by 17%, yet SoFi’s adjusted EBITDA margin rose 74% year-over-year  for SoFi, which indicates efficient operations. The company’s financial services sector saw a $25 million contribution profit and a 115% increase in net sales to $139 million year-over-year. ...

Daniel Boczarski SoFi Technologies (NASDAQ:SOFI) has very good growth prospects in the fintech sector and its current valuation is attractive, making it an interesting growth play for long-term investors. Business Overview SoFi Technologies is a fintech company, combining financial services and technology offerings for its customers. The company was founded in 2011, named Social Finance, Inc., at the time focused on student loan refinancing activities, while it gradually expanded its product offering, to mo ...

The latest trading session saw SoFi Technologies, Inc. (SOFI) ending at $7.44, denoting a +1.09% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.32%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 0.2%.The company's stock has dropped by 9.25% in the past month, falling short of the Business Services sector's gain of 5.27% and the S&P 500's gain of 5.11%.Market participants will be closely following the financial results of SoFi ...

According to Fortune Business Insights, the global fintech market is estimated to be worth $882 billion in 2030, signaling a compound annual growth rate (CAGR) of 17% between 2023 and 2030. That sets the stage well for high-growth fintech companies, such as SoFi (NASDAQ:SOFI). During the fourth quarter, SoFi reported adjusted revenue growth of 34% to $594 million. At the same time, shares of SOFI stock are down by nearly 30% in 2024.Fortune added that the Covid-19 pandemic acted as a major tailwind for the ...

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