SoFi Technologies Inc Stock News

SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer recently stated at a conference that the fintech company has targeted 30% member growth and 20% revenue growth.

SoFi says it has added “crypto-powered capabilities” to its digital financial services. [contact-form-7] The company announced the new addition to its services Wednesday (June 25), saying it would be the first of many new cryptocurrency and blockchain-related offerings.

SoFi Technologies stock is up 27% since the initial $20 target, fueled by $315M in fee-based revenue, up 67% YoY. Fee income now represents 41% of total revenue, with strong growth in interchange, loan platform, and FSPL segments. Q2 FY 2025 guidance calls for $801.94M revenue and $0.06 EPS, with 6 upward EPS revisions and 7 revenue upgrades.

SAN FRANCISCO--(BUSINESS WIRE)--SoFi is expanding its one-stop shop for digital financial services with new crypto-powered capabilities that will enable members to borrow, save, spend, invest, and protect their money in entirely new ways. We're building a future where people can seamlessly send money around the world and have the tools and education to safely use crypto and digital assets to ge...

The fintech says it will offer stablecoins and new staking features at a later date.

Back in late March, we power ranked our Top Stock Picks of 2025. There was some success and lessons to be drawn, but if we're being honest, this wasn't the entire story. There was red ink everywhere and combined with the looming threat of unilateral tariffs on ‘Liberation Day,' fear had grown surrounding a potential recession hitting by the time a second-quarter check-in came around.

Although it may be counterintuitive, it makes sense to buy stocks when they're down. Getting a great deal can lead to huge gains that you might not see if a stock is overpriced.

You don't need a lot of money to invest, especially now that so many brokers offer commission-free stock trading and no account minimums. If you have $1,000 saved, you could start to build a portfolio with a few high-quality companies.