In December 2021, Citigroup initiated coverage of the recent SPAC IPO and “social finance” company SoFi Technologies (NASDAQ: SOFI). Analyst Ashwin Shirvaikar predicted SoFi’s “differentiated combination of consumer and enterprise services” and “member-centric approach” would “lead to rapid member growth and engagement.” He was right. From 2021 through 2023, SoFi more than doubled its revenue […]
SoFi Technologies (NASDAQ: SOFI) hasn’t fully benefited from the favorable market environment that’s seeing some stocks hit fresh records. Yes, shares soared 116% in 2023. But they still remain 71% below their all-time high. That’s partly due to a significant loss so far this year. Don’t be discouraged. This fintech stock has some positive traits […]
SoFi Technologies (NASDAQ: SOFI) spooked investors last month when it announced plans to sell $750 million in convertible debt, mere weeks after reporting a blowout Q4 earnings report. Predictably, SoFi’s stock price fell on news of the big offering — down 15% in a day. But in the month since, SoFi’s share price has held […]
In this video, I will talk about Shift4 Payments (NYSE: FOUR) and explain why it might be flying under the radar. *Stock prices used were from the trading day of April 3, 2024. The video was published on April 4, 2024. Should you invest $1,000 in Shift4 Payments right now? Before you buy stock in […]
SoFi Technologies (NASDAQ: SOFI) was riding high last year as a business, demonstrating incredible growth despite elevated interest rates that were sinking many banks’ stocks. Management confidently promised that it would report a net profit in the fourth quarter, and it came through on that promise. But after more than doubling in 2023, SoFi stock […]
Fool.com contributor Parkev Tatevosian evaluates SoFi (NASDAQ: SOFI) stock and provides a price target for the financial services company. *Stock prices used were the afternoon prices of March 17, 2024. The video was published on March 19, 2024. Should you invest $1,000 in SoFi Technologies right now? Before you buy stock in SoFi Technologies, consider […]
When does an underperforming stock become undervalued? When talking about slumping next-generation financial services company SoFi Technologies (NASDAQ: SOFI), the answer is “now,” at least according to one market professional. In fact, this prognosticator is suggesting the stock could nearly double in price in the next 12 to 18 months. Is that expectation realistic? 90% […]
SoFi Technologies (NASDAQ: SOFI) stock was a standout in 2023, gaining 116%. But that’s all gone downhill this year and the share have fallen 25% in 2024. What changed? If anything, SoFi posted a fabulous fourth-quarter report that seems to have set off the decline. Is this something to steer clear of? Or is this […]
SoFi Technologies (NASDAQ: SOFI) has benefited from a favorable market environment. Since the start of 2023, the shares are up 60% (as of March 6), boosted by strong financial results. Looking at the bigger picture, there is no shortage of reasons to appreciate this business. In fact, shareholders could be richly rewarded over the long […]
SoFi Technologies (NASDAQ: SOFI) investors had a fabulous February as shares of the fintech stock gained nearly 15% after its fourth-quarter earnings report showed SoFi turned profitable faster than expected. SoFi stock is giving back all those gains today, though — and more. As of 11:20 a.m. ET, the stock is down 11.5% on news […]
In this video, I will explain why SoFi Technologies (NASDAQ: SOFI) dropped 10% on Tuesday when the market opened and why I remain extremely bullish on the long-term trajectory of the company. *Stock prices used were from the trading day of March 5, 2024. The video was published on March 5, 2024. Should you invest […]
SoFi Technologies (NASDAQ: SOFI) stock is down almost 70% from its 2021 high, but the company just hit a major profit milestone and could generate double-digit annual revenue growth for years to come. Originally named MoneyLion, SoFi was created when its founders were researching artificial intelligence (AI) at Purdue University in 2013. In 2017, the […]