SoFi Technologies

SOFI

Market cap $33.7B

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.

I predicted that SoFi's net income would double in 2025, the company would launch at least three new products. I also forecast that SoFi would handily outperform the S&P 500, after an already impressive rise in 2024.

SAN FRANCISCO--(BUSINESS WIRE)--SoFi Technologies, Inc. (NASDAQ: SOFI), the one-stop shop for digital financial services, today announced a new employee benefit designed to help families begin investing in their children's long-term financial futures. Under this new benefit, SoFi will match the federal government's new $1,000 seed contribution by providing an additional $1,000 investment for eligible children of SoFi employees who qualify for the newly established tax-advantaged children's inve.

Nio's deliveries are up despite EV turbulence, but its long history of unprofitability is concerning. SoFi looks like a more promising stock due to its crypto feature and strong demand for its additional financial products.

In the most recent trading session, SoFi Technologies, Inc. (SOFI) closed at $26.59, indicating a -2.97% shift from the previous trading day.

Mizuho Securities says fintech companies like SoFi, Affirm, and Block could benefit from Trump's proposed cap on interest rates.

SoFi Technologies is slowly becoming the bank of the future. Uber Technologies still has a vast market opportunity to tap into.

SoFi Technologies offers compelling long-term growth, trading at attractive multiples relative to EBITDA targets despite recent analyst downgrades. The fintech's $1.7 billion capital raise is aimed at fueling growth opportunities, not shoring up weaknesses, amid strong balance sheet positioning. The consensus analyst rating on SoFi is Neutral despite the appealing valuation.

SoFi's non-lending business is growing fast and boosting profitability. The lending segment is beneifting from lower interest rates, and it's well positioned to keep growing as interest rates go down.

In this video, I will cover the recent updates regarding SoFi (SOFI +2.67%). Watch the short video to learn more, consider subscribing, and click the special offer link below.