SoFi Technologies (SOFI-Q)
NASDAQ:SOFI
13.18
0.08
(0.60%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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This summary was created by AI, based on 17 opinions in the last 12 months.
SoFi Technologies (SOFI-Q) has seen significant gains, with a reported increase of 79% over the past year, driven by record member growth and strong loan originations. Despite some profit-taking following a solid quarterly performance, experts remain optimistic about the company's trajectory, with many noting a favorable outlook for future earnings and member acquisition. Concerns related to volatility stemming from the popularity of the stock among retail investors were mentioned, but overall, the company appears to be well-positioned in a competitive market, suggesting a strong backing from both management and analysts. Some experts recommend initiating a position at current levels, while others advise waiting for further price strength due to past stock price stagnation despite positive earnings reports.
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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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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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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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.
SoFi Technologies(SOFI-Q) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 9
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 5
Total Signals / Votes : 14
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, 14 stock analysts published opinions about SOFI-Q. 9 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?
14 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 2025-05-09, SoFi Technologies (SOFI-Q) stock closed at a price of $13.18.
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.