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SoFi Technologies (SOFI-Q)
NASDAQ:SOFI
13.63
0.23
(1.72%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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3 Long Term Growth StocksThis summary was created by AI, based on 18 opinions in the last 12 months.
Experts have varying opinions on SoFi Technologies, with some highlighting positive developments such as new backers, a great CEO, and improving financial performance. However, there are concerns about recent equity offerings, convertible bonds, and the stock's underperformance despite good quarterly results.
They got some new, big backers. Have a great CEO. It's breaking out, so shorts will have to cover.
SOFI has had several pieces of good news recently, and is now up on the year (slightly) after being down significantly. It is up 75% from its August low. The momentum shift is impressive, and EPS is expected to more than double next year. If it can execute, the mid-cap stock could get more attention. Estimates have been ticking up, and the last quarter nicely beat estimates. We would be OK taking an initial position in the $9.75 range.
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Firmly believes in the CEO. Is not an interest rate stock, but a tech one.
Their risk/reward is positive now.
Sofi is a new kind of finance company. from unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. whether they’re looking to buy a home, pay off their student loans, ascend in their careers, or invest in the future, the sofi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. nmls #1121636. Social media mentions are up 550% in the past 24h.
$7.260
Unknown
SOFI generated positive EPS of 1c beating analysts estimates that the company would breakeven for the quarter, and improving from a 6c loss in the year prior. Total revenue also beat estimates of $564.39M coming in at $598.62M displaying a 20% year-over-year increase. The company also increased guidance for 2024 expecting EPS between 9c-10c, ahead of estimates of 8c. Q3 guidance was also 1c greater than analyst estimates of 3c. Management expects to add 2.3 million new memebers in 2024, dispakyin 30% growth. This looks to be a solid quarter for SOFI, beating estimates and upping guidance but the market reaction has been muted.
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Sofi is a new kind of finance company. from unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. whether they’re looking to buy a home, pay off their student loans, ascend in their careers, or invest in the future, the sofi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. Social media mentions are up 100% in the past 24h.
$6.520
Unknown
Recent insider buying is a good sign, but their last quarter was not great.
Latest equity offering not performing well. Would not recommend buying.
Reported a good quarter, but nobody seems to care. Has been defending stock for ~2 years. Can't wait around forever. Would not buy at this time. Wait for strength in the stock price before buying.
It reports Monday. Their numbers keep improving, but the shares don't move because of their convoluted balance sheet. He will listen to their shareholders call.
They were doing well until they issued a convertible bond. Now, it's in the dog house.
Don't bet against the CEO. Shares have run up and pulled back, so good to buy now.
They delivered a very good quarter, so why did analysts hate it?
SoFi Technologies(SOFI-Q) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 12
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 18
SoFi Technologies(SOFI-Q) Frequently Asked Questions
What is SoFi Technologies stock symbol?
SoFi Technologies is a American stock, trading under the symbol SOFI-Q on the NASDAQ (SOFI). It is usually referred to as NASDAQ:SOFI or SOFI-Q
Is SoFi Technologies a buy or a sell?
In the last year, 18 stock analysts published opinions about SOFI-Q. 12 analysts recommended to BUY the stock. 5 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for SoFi Technologies.
Is SoFi Technologies a good investment or a top pick?
SoFi Technologies was recommended as a Top Pick by on . Read the latest stock experts ratings for SoFi Technologies.
Why is SoFi Technologies stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is SoFi Technologies worth watching?
18 stock analysts on Stockchase covered SoFi Technologies In the last year. It is a trending stock that is worth watching.
What is SoFi Technologies stock price?
On 2024-11-15, SoFi Technologies (SOFI-Q) stock closed at a price of $13.63.
Online banking. In that space, he prefers bricks & mortar and steady-eddy banks that are diversified coast to coast. In the US, he owns JPM.