SOFI Stock Recent News

SoFi Technologies expands access to private markets funds. It's not the only thing lifting shares Tuesday.

Robinhood Markets (HOOD -0.36%) and SoFi Technologies (SOFI 7.38%), which both went public in 2021, aim to shake up traditional financial institutions. Robinhood challenges traditional brokerages with its commission-free trades and gamified approach to investing.

SoFi Technologies stock is on a roll due to favorable crypto rulings from a bank regulator and student loan changes in the Big, Beautiful Bill Act.

SAN FRANCISCO--(BUSINESS WIRE)--SoFi (NASDAQ:SOFI) has expanded access to alternative investments to include new private markets funds from asset management firms including Cashmere, Fundrise and Liberty Street Advisors. Through these funds, investors can gain exposure to multiple private companies across AI, machine learning, space technology, consumer products, healthcare, e-commerce, and financial technology, like OpenAI, SpaceX, Graza, Epic Games, and more. Cashmere invests in a portfolio o.

SoFi Technologies' rapid revenue and member growth outpace the fintech sector, supported by a massive and expanding total addressable market. Valuation remains attractive, with a forward P/E ratio dropping to 25 by FY2027 and conservative scenarios projecting 15-18% annualized returns by 2033. SOFI's first-mover advantage and comparison to higher-valued peers like Revolut highlight further upside potential despite current market skepticism.

Originally a student loan refinancing outfit, SoFi Technologies Inc. NASDAQ: SOFI has expanded its offerings to include mortgage and personal lending, credit card products, and more. Shares of the popular fintech name have far outperformed the broader sector in recent months, returning about 35% year-to-date (YTD) and roughly doubling in the last three months.

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President Donald Trump recently signed new legislation that introduces major changes to federal student loan programs. SoFi Technologies, Inc. SOFI and other private student lenders are poised to benefit from these changes.

SoFi stock price surged and crossed the important resistance level at $18.43 as the company prepares its re-entry into the booming crypto industry. It jumped to a high of $18.57 on Thursday, its highest level since November 2021, and 345% from its lowest level this year.

Smartphones and the internet are enabling a rapid change in the consumer banking sector. Out are the stodgy bank branches and long waiting times.