SoFi Technologies Inc Stock News

SoFi recently reported its third-quarter results, and there is a lot to like.

SoFi beat Q3 earnings estimates with strong membership growth, top line expansion, and improved adjusted EBITDA. The Fintech added 756k new members, reaching 9.4 million customers, and saw a 33% Y/Y growth in its important financial services products. SoFi's EBITDA margins expanded significantly, driven by lucrative financial services, with 90% Y/Y growth in adjusted EBITDA.

SoFi just reported stellar earnings that blew past all expectations. The company is transitioning towards capital-light, fee-based Revenue streams, bolstered by the expansion of its Loan Platform Business. There's "latent potential" in the Lending segment as management sees "excess demand" for SoFi's loans.

After months of decline, the market is finally liking SoFi stock again.

SoFi reported a massive quarterly beat for Q3'24 with revenues smashing analyst estimates by over $63 million. The fintech continues to generate impressive growth by expanding new products, including the recent push into a Loan Program featuring Fortress. Despite the big rally to $11, the stock only trades at 10x adjusted EBITDA targets for 2026.

Despite notable short interest, SoFi Technologies continues to outperform expectations, effectively countering bearish sentiment with its stellar performance. SoFi Technologies shows strong growth potential with a 29% upside, supported by impressive Q3 performance and strategic innovation. The company benefits from a rapidly expanding customer base and effective cross-selling strategies.

SoFi is likely to remain a long-term winner, thanks to its profitable and high growth fintech/online bank prospects, on top of the cheap FWD PEG ratio of 0.88x. The management has also achieved the FQ4'24 target of 50:50 revenue mix from Lending segment to Financial Services/Technology Platform segment, demonstrating its fintech prowess. Despite the moderating Net Interest Margins, SOFI has alr...

SoFi has been a divisive stock among investors.