SoFi Technologies Inc Stock News

SoFi's near term technicals are strong as the chart indicates it is in both an accelerated and more modest uptrend. Its longer term technicals are a bit more mixed but the key signal is that the stock has just recently broken out of a long term downtrend line. SoFi's earnings results have been strong as revenue trends in the right direction and EPS makes further moves into positive territory.

The company has more than a few levers it can pull for growth.

SoFi Technologies exceeded profit expectations in 3Q24, gaining 756,000 new members and raising its EBITDA forecast for the third time. The Financial Services segment grew its contribution profit by nearly 3,000% YoY and saw a 66% increase in net interest income. Although SoFi's forward profit multiple is high at 38.4x, the fintech's strong growth profile, with anticipated profit growth of 145%...

Cathie Wood has quietly built a large position in fintech darling SoFi Technologies.

This hot fintech stock was nearly cut in half after its public debut.

Both companies exceeded expectations.

SoFi Technologies' transition from an online banking company to a fintech firm, bolstered by acquisitions like Galileo and Technisys, positions it for significant growth opportunities. Its potential as a fintech company could lead to higher valuations based on tech-centric metrics. Risks include competition from other fintechs and traditional banks and the market potentially valuing SoFi as an ...

This excellent stock has a long growth runway, and it's sustainably profitable.