SoFi Technologies (SOFI -0.25%) has been a standout performer, with the stock price skyrocketing by an impressive 240% since the beginning of 2023. This fintech company reinvented itself during the past few years, reported its first profitable quarter last year, and now has four consecutive profitable quarters under its belt.As SoFi's bottom line improves and it continues attracting new customers, the question on many investors' minds is: Could buying SoFi stock today pave the way to millionaire status? Let ...

Mesh Payments has selected SoFi Bank as its sponsor bank and continues to partner with SoFi Technologies-owned Galileo Financial Technologies as its longtime payments processor.This partnership integrates Mesh Payments’ expense and card infrastructure with SoFi Bank’s financial framework and Galileo’s customizable API-based payments processing platform, the companies said in a Thursday (Dec. 12) press release.The combination of these capabilities will allow Mesh Payments to streamline enterprise expense man ...

Shares of the member-centric consumer bank SoFi Technologies (SOFI 4.25%) have been soaring. The stock shot up by 148% during the five months between June 30 and Dec. 1, 2024.SoFi stock defied gravity for months but started falling recently. Investment-bank analysts aren't convinced the underlying business has grown fast enough to support its lofty new valuation.Is SoFi Technologies still a good stock to buy or has it run too far already? To find out, we'll look at why it shot higher this year and why Wall ...

SoFi isn't playing by the traditional rules of banking.SoFi (SOFI -1.80%) isn't your conventional bank and it doesn't have bank-like growth either. In this video, Travis Hoium uncovers the company's business model, growth segments, and how the stock can outperform the market over the next 5 years.*Stock prices used were end-of-day prices of Dec. 10, 2024. The video was published on Dec. 11, 2024. ...

Coming from an IT background, I have dived into the U.S. stock market seven years ago by managing portfolio of my family. Starting managing real money has been challenging for the first time, but long hours of mastering fundamental analysis of public companies paid off and now I feel very confident in my investment decisions. My hands-on experience shaped deep understanding of risk, reward and the delicate balance between these two variables. Driven by a desire to share my insights and contribute to the inv ...

Momentum investors look to ride bullish trends where buyers are in control.And recently, three popular stocks – Tesla (TSLA) , Palantir (PLTR) , and SoFi Technologies (SOFI) – have seen strong price action, outperforming nicely.  Below is a chart illustrating the performance of each over the last month, with the S&P 500 blended in as a benchmark.Image Source: Zacks Investment ResearchLet’s take a closer look at each.Tesla Sees Higher Profits Tesla’s current momentum is undeniable, boosted by a recent set of ...

SoFi Technologies (SOFI -3.05%) stock climbed 47% in November according to data provided by S&P Global Market Intelligence. The online bank gave investors renewed confidence in its loan segment along with an excellent third-quarter report at the end of October. It's also benefiting from positive investor sentiment based on lower interest rates and increased market enthusiasm about the economy after the presidential election.Everything is finally going rightSoFi has been a volatile stock since its initial pu ...

JP Morgan analyst Reginald L. Smith noted that 2024 was a tale of two halves for fintech stocks. After a lagging start to the year, the aggregate market cap of the analyst’s fintech coverage universe has increased more than $65 billion since mid-September, fueled by cheerful calendar third-quarter 2024 results and management commentary, two rate cuts, and the U.S. Presidential Election.  In fiscal 2025, lower benchmark rates and an improved third-party funding environment should spur increased loan originat ...

Core Viewpoint - SoFi Technologies has experienced significant stock price growth, driven by strong Q3 earnings, record member growth, and optimism regarding potential regulatory changes under a second Trump administration [1][5][6] Financial Performance - SoFi reported a 30% year-over-year increase in Q3 revenue, totaling $61 million in net income, marking its fourth consecutive quarter of GAAP profitability [5][10] - The company added over 756,000 new members in Q3, bringing total membership to 9.4 million, a 35% year-over-year increase [5][10] - Lending products grew by 19%, with loan origination volumes surging by 23%, indicating strong demand for personal, student, and home loans [5][10] Membership Growth - The addition of 756,000 new members in Q3 strengthens SoFi's revenue potential, particularly through cross-selling opportunities [10] Product Portfolio Expansion - Financial services products increased by 33%, reaching 11.8 million, while the technology platform segment saw a 14% revenue increase [5][10] - The launch of a robo-adviser platform enhances SoFi's cross-selling potential and introduces a new revenue stream [6][10] Macroeconomic Factors - Anticipated interest rate cuts by the Federal Reserve in 2024 could lower borrowing costs, benefiting SoFi's lending business [6][10] - Expectations of reduced regulatory scrutiny under a potential second Trump administration may create a more favorable operating environment for SoFi [6][10] Market Sentiment and Valuation - SoFi's stock surged 56% this month and nearly doubled in value over the past three months, achieving a 52-week high of $16.36 [1][4] - Despite a high forward P/E ratio of 136x, reflecting high investor expectations, SoFi's diversified revenue streams and growth trajectory justify its valuation [7][10] Future Outlook - AI predictions suggest SoFi's stock could reach between $19 to $21 by December 2024, contingent on continued member growth and successful monetization of new products [9][11]

SoFi stock is up 60% this year and 130% in the last six months.In this video, I will talk about recent updates regarding SoFi Technologies (SOFI 0.64%). Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Nov. 22, 2024. The video was published on Nov. 22, 2024. ...