SoFi Technologies Inc Stock News

SoFi Technologies is finally upgraded to a buy, driven by its expanding platform moat and robust multi-year growth trajectory. SOFI's loan platform business has achieved 4x growth, with $3.4B in originations and a $13B run rate, fueling revenue durability. Despite a nearly 50x forward earnings multiple, SOFI's growth engine supports its expansive moat and growing competitive levers.

In this video, I will cover the recent updates regarding SoFi Technologies (SOFI +1.64%) and the comments from CEO Anthony Noto. Watch the short video to learn more, consider subscribing, and click the special offer link below.

SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer stated at a conference earlier this year that the fintech company is targeting 30% member growth and 20% revenue growth.

Robinhood Markets and SoFi Technologies have been two of Wall Street's biggest winners this year. Robinhood has benefited from its rapid innovation, but the stock comes with an elevated valuation and market risks.

SoFi is on track to report earnings per share for Q4 that exceed Wall Street estimates once again. Investors will be encouraged by meaningful customer additions and revenue and profit growth.

Personal finance firm SoFi has launched SoFiUSD, a dollar-pegged stablecoin. The launch makes SoFi the first national bank to issue a stablecoin on a public, permissionless blockchain, the company said in a Thursday (Dec. 18) news release.

There are signs that the market is inflated, making it harder to choose growth stocks that are trading a buyable prices. There could be a stock market bubble, which makes it all the more important to have solid value stocks that can withstand market pressures.

SoFi Technologies is doubling down on cryptocurrency, this time for its commercial clients.