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SoFi Technologies (SOFI-Q)
NASDAQ:SOFI
11.39
0.53
(4.45%) 1d
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3 Long Term Growth StocksThis summary was created by AI, based on 18 opinions in the last 12 months.
SoFi Technologies (SOFI-Q) has experienced significant price appreciation over the past year, with many experts noting an increase in member growth and loan originations, suggesting a pivot to becoming more of a service provider than just a lender. The company's latest quarterly results exceeded expectations, with positive EPS and revenue growth, leading to raised guidance for 2024. However, despite the solid performance, some experts have expressed caution due to market volatility and profit-taking by investors. Concerns remain about short-sellers and potential impacts from social media popularity, although there is optimism about the company's future, especially with recent insider buying and a strong CEO. Overall, many analysts indicate that this stock could be a buying opportunity but recommend waiting for a further price consolidation before making investments.
With a 76% one year gain, it was not overly surprising to see some profit-taking. The quarter was solid as was the outlook and commentary. There was record member growth and loan originations. New products/services add more potential. We think it is buyable and are warming up to this name.
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It reports Monday. He's long liked it, but short-sellers keep it down for no reason. He expects good numbers. Likes the CEO.
Is up 79% in the past year. Sell half, take profits.
We have done more work on its ability to compete in a crowded market and are more comfortable there. The recent results and the stock momentum have also certainly been big positive factors. It has good potential, we think, if it can continue to execute. One minor concern: it is a very very popular social media stock. While still relatively small, it is hardly unknown. This is not necessarily bad but can increase volatility if the majority of holders are trading/retail.
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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.
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.
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.
Recent insider buying is a good sign, but their last quarter was not great.
Latest equity offering not performing well. Would not recommend buying.
SoFi Technologies(SOFI-Q) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 9
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 6
Total Signals / Votes : 15
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, 15 stock analysts published opinions about SOFI-Q. 9 analysts recommended to BUY the stock. 6 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?
15 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 2025-03-13, SoFi Technologies (SOFI-Q) stock closed at a price of $11.39.
It's moved up because it's much more of a service provider stock than a lender now, but it needs to digest. Let shares come down first before stepping in.