SOFI Stock Recent News

As a young tech-focused growth enterprise, SoFi Technologies (SOFI 2.46%) stock usually reacts to news about company operations with big moves -- both positive and negative. The company just made an announcement that sent its stock soaring, and now looks like a good time to buy shares.

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Shares of SoFi Technologies, Inc. SOFI have surged 88% in the past three months, far exceeding the industry's 40% growth. Over the last year, the stock has skyrocketed 187%.

SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer recently stated at a conference that the fintech company has targeted 30% member growth and 20% revenue growth.

Is it worth it to buy a stock after it experiences significant market gains? The answer is, it depends.

In this video, I will talk about the recent updates regarding SoFi Technologies (SOFI 1.96%). Watch the short video to learn more, consider subscribing, and click the special offer link below.

SoFi Technologies (SOFI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

SoFi's re-entry into crypto unlocks a massive new market, with stablecoins and crypto trading poised to drive significant revenue growth. The fintech exited the crypto business in late 2023 due to regulatory pressures to gain the banking license. Crypto fintechs are currently trading at much higher valuation multiples due to the scalable and capital-light business models.

SoFi's digital platform enables full-service banking at lower costs, driving strong member and product growth with impressive revenue expansion. The shift from loan-based to fee-based revenue makes SoFi less sensitive to interest rates and more resilient than traditional banks. Despite appearing overvalued by traditional metrics, SoFi's high growth rates and profitability potential justify a bullish long-term outlook.

SoFi's member and product growth is accelerating, powered by its efficient cross-selling model. This "secret sauce" is driving massive, underappreciated earnings beats. The strategic pivot to high-margin, fee-based revenue is de-risking the business. This capital-light model now comprises 41% of total revenue and is expanding rapidly. The Loan Platform Business unlocks a massive, untapped $100 billion market. It monetizes declined applications with high margins and no credit risk, fueling future growth.