SOFI Stock Recent News

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It seemed like SoFi Technologies (SOFI -6.54%) stock was finally making headway again after impressing investors with its phenomenal results last year. But it's back down again since the Nasdaq correction, and it's more than 50% off of its highs.

Zacks.com users have recently been watching SoFi Technologies (SOFI) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

The stock market has been on a rough ride this past week, making investors nervous about the impact of tariffs and an economic slowdown.

SoFi (SOFI -3.29%) was one of the best-performing stocks of the financial sector in 2024, with shares rising 55% for the year. And it continued to rise for the first several weeks of 2025.

Investors looking for stocks in the Financial - Miscellaneous Services sector might want to consider either Synchrony (SYF) or SoFi Technologies, Inc. (SOFI). But which of these two stocks presents investors with the better value opportunity right now?

SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), has announced a multi-year partnership as the official bank and first presenting sponsor of the Country Music Association's CMA Fest, the world's largest and longest-running country music festival. This marks SoFi's first music partnership, embracing the genre's surging popularity.1 CMA Fest presented by SoFi will celebrate its 52nd year in Nashville, Tennessee from June 5-8, 2025. This year, SoFi is enhancing the fan exper.

We initially rated SoFi Technologies a 'Strong Buy' in August due to its strong offerings, member growth, and attractive valuation. The stock surged over 175% at its peak, but recently dropped 40% due to market-wide sell-offs triggered by Trump tariff fears. Despite the drawdown, we remain very bullish on SOFI, based on the company's continued growth and long-term bottom-line prospects.

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