Core Viewpoint - SoFi Technologies is regaining investor confidence as it positions itself as a viable alternative to traditional banks, with expectations of significant growth and profitability in the coming years [1][2]. Group 1: Growth Potential - SoFi has demonstrated consistent revenue growth, achieving at least 20% growth for 17 consecutive quarters, with a notable acceleration to 30% in Q3 2024 as economic conditions stabilize [3]. - The company is attracting new members at a high rate, with a 35% increase in new members and a 31% increase in products per member in Q3 [4]. - Research indicates that 20% of Americans are seeking new savings accounts and credit cards, suggesting continued demand for SoFi's offerings [5]. Group 2: Profitability and Financial Performance - SoFi is transitioning to a full financial services app, focusing on capital-light, fee-based products, resulting in a 65% year-over-year increase in fee-based revenue in Q3 [7]. - All three segments of SoFi's business—lending, financial services, and tech platform—were profitable in Q3, with non-lending segments growing to 49% of total business [8]. - Earnings per share (EPS) of $0.05 exceeded expectations, and management has raised its EPS forecast for the upcoming periods [9]. Group 3: Valuation and Market Sentiment - SoFi's stock currently trades at a forward P/E ratio of 52, which is considered reasonable given its performance, with potential for the stock to double if earnings also double by the end of 2026 [10]. - Analysts expect EPS to more than double from $0.12 this year to $0.28 next year, supporting the potential for stock price appreciation [11].

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SoFi recently reported its third-quarter results, and there is a lot to like.SoFi Technologies (SOFI 4.67%) recently reported earnings. Not only did the company beat expectations on the top and bottom lines, but it's tough to find much to complain about. In this video, Fool.com contributor Matt Frankel discusses the numbers and what he's watching as we head into the last couple months of 2024.*Stock prices used were the midday prices of Nov 4, 2024. The video was published on Nov 5, 2024. ...

My goal is to help you find the companies of tomorrow.I am a long-term growth investor in search of innovative companies that make the world a better place. My investment strategy revolves around finding what I call "divergent stocks" — disruptive companies that have strong fundamentals and long growth runways, but depressing prices.You can find me on YouTube as well:https://www.youtube.com/@riyadosofianAnalyst’s Disclosure: I/we have a beneficial long position in the shares of MQ, SOFI either through stock ...

After months of decline, the market is finally liking SoFi stock again.SoFi Technologies (SOFI -1.16%) gained 42% in October, according to data from S&P Global Market Intelligence. It hadn't impressed investors this year despite reporting a profit in every fiscal quarter. However, it finally wowed the market with its third-quarter results.On a rollSoFi has been reporting strong growth pretty much since it went public, but now it's also profitable. Its stock dropped in the previous bear market, and with its ...

Shares of SoFi fell yesterday after the company reported earnings. Shares of SoFi Technologies (SOFI 7.16%) rose nearly 8% in the final half-hour of trading. Shares fell yesterday after the company reported its third-quarter earnings report. SoFi reported $0.05 of diluted earnings per share on revenue of more than $697 million, beating analyst estimates for both metrics. Are investors confused? SoFi also raised guidance for the full year of 2024, projecting adjusted-net revenue in the range of $2.535 billio ...

SoFi Technologies Inc SOFI stock is trading higher after Needham analyst Kyle Peterson maintained a Buy rating and raised its price target from $10 to $13. Goldman Sachs analyst Michael Ng maintained SoFi with a Neutral and raised the price target from $7.5 to $8.5. Barclays analyst Terry Ma maintained SoFi with an Equal-Weight and raised the price target from $8 to $9. Also Read: Netflix Restructures Leadership, Bids Farewell to Two Key Executives Needham: SoFi posted a solid third-quarter performance, sur ...

Financial services are becoming a massive business for SoFi, but that's not the only growing segment. Shares of SoFi (SOFI -6.43%) fell 6% on Tuesday after the company reported an outstanding quarter. In this video, Travis Hoium shows how well SoFi is doing and why investors shouldn't be worried about the drop in shares. *Stock prices used were end-of-day prices of Oct. 29, 2024. The video was published on Oct. 29, 2024. ...

The financial services company is relieved that macroeconomic growth is much better than feared in 2024. SoFi Technologies (SOFI -6.43%) reported quarterly financial results that included updates on several critical metrics investors need to know about. *Stock prices used were the afternoon prices of Oct. 27, 2024. The video was published on Oct. 29, 2024. ...

SoFi Technologies’ cross-selling continues, and certain trends seem well in place as the interest rate environment becomes more benign.Members are accessing more products across the company’s platform, and momentum in SoFi Money deposits continues to be underpinned by direct deposit members.Having run up more than 50% through the past three months, investors sent SoFi shares down 6% in early trading Tuesday (Oct. 29).“Monetization continues to improve across all products,” with annualized revenue per produc ...