SoFi Raised Its Earnings Forecast for 2024. Here's Why Its Growth Is So Strong.

SoFi's recent plunge in the days following its earnings announcement could be an excellent dip-buying opportunity for long-term investors.SoFi Technologies (SOFI -1.70%) recently reported solid first-quarter earnings as its lending business slowed, while two of its newer revenue streams boosted it. The company beat analysts' estimates and raised its annual earnings guidance, but that didn't stop the stock from falling more than 10% after its announcement. The dip could prove to be an opportunity for long-te ...