Key PointsSoFi had a record Q4 2023 with a GAAP EPS of 2 cents and 35% revenue growth to $615.5 million, beating consensus estimates for $572.02 million.SoFi added 585,000 new members, bringing total membership through 7.5 million members, up 44% YoY.SoFi expects revenue growth of 20% to 25% from 2023 to 2026.5 stocks we like better than SoFi TechnologiesFintech provider SoFi Technologies Inc. NASDAQ: SOFI is a one-stop shop for financial services conveniently accessible around the clock through its mobile- ...

SALT LAKE CITY--(BUSINESS WIRE)--Galileo Financial Technologies, a leading financial technology company owned by SoFi Technologies, Inc. (NASDAQ: SOFI), announced today an expansion of its Buy Now, Pay Later offering that allows banks and fintechs to offer cardholders new post-purchase installment payment options via their existing debit or credit card account. In addition to its Galileo Buy Now, Pay Later (BNPL) pre-purchase offering, the new API-enabled BNPL post-purchase offering is built for banks an ...

Justin Sullivan Introduction I initiated coverage of SoFi Technologies, Inc. (NASDAQ:SOFI) stock in January 2023 with a "Buy" rating, stating at the time that the company was an interesting growth story for long-term investment and had a medium-term upside potential of over 30-50%. Seeking Alpha, my coverage of SOFI stock Over the course of the year, that upside potential was gradually realized: despite the stock's high volatility, it continued to recover against the backdrop of the company's rapidly i ...

SoFi Technologies, Inc. (SOFI) ended the recent trading session at $7.38, demonstrating a -1.34% swing from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.19%. Meanwhile, the Dow experienced a rise of 0.1%, and the technology-dominated Nasdaq saw a decrease of 0.54%.Prior to today's trading, shares of the company had lost 6.73% over the past month. This has lagged the Business Services sector's gain of 2.68% and the S&P 500's gain of 3.18% in that time.The upcoming earni ...

When considering a long-term framework, there’s a lot to like about online personal finance company SoFi Technologies (NASDAQ:SOFI). Throughout 2023, the company’s brand equity has steadily grown among U.S. adults. Even better, the message has resonated with its core demographic: high-earning young adults. Since millennials and Generation Z represent the future, the narrative seems compelling for SOFI stock.Nevertheless, broader economic concerns are starting to weigh on investors. To be fair, the most cons ...

Shares of SoFi (NASDAQ:SOFI) stock are in focus after Piper Sandler analyst Kevin Barker lowered his price target to $8 from $8.50 while maintaining a “neutral” rating. The analyst made the change after analyzing SoFi’s Form 10-K and management commentary.Barker believes that SOFI stock, trading at around a 14x operating price-to-earnings (P/E) ratio based on expected fiscal year 2025 sales and a 3.4x price-to-sales (P/S) ratio, is fairly valued. Barker is also cautious about SoFi’s lending segment as the c ...

SoFi Technologies (SOFI 3.21%) has benefited from a favorable market environment. Since the start of 2023, the shares are up 60% (as of March 6), boosted by strong financial results.Looking at the bigger picture, there is no shortage of reasons to appreciate this business. In fact, shareholders could be richly rewarded over the long term.With that said, can this digital bank stock help you become a millionaire one day?Disrupting a massive industryAs one of the world's oldest industries, coupled with its slo ...

Presley Ann/Getty Images Entertainment This is an update of our earlier article on SoFi (NASDAQ:SOFI) as the fourth quarter delivered more of the same. The company has been doing that for years, with member, product, lending and deposits all growing, although for next year growth is going to shift from lending to Financial Services. We think the company's Financial Services segment (as well as their Technology segment) has reached escape velocity where revenue growth and operating leverage produced a ju ...

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SoFi (NASDAQ:SOFI) stock is in the spotlight following buys from Cathie Wood’s Ark Invest. On March 4, the Ark Fintech Innovation ETF (NYSEARCA:ARKF) disclosed that it had acquired 782,646 shares of SoFi. However, shares of the company plummeted lower by about 15% the next day after SoFi announced a $750 million convertible senior note offering and the exchange of approximately 61.71 million shares for $600 million of 0% convertible senior notes due in 2026. Barron’s noted that the decline was SoFi’s worst ...