SoFi Technologies shares have dropped nearly 30% year-to-date but are showing signs of recovery with an 8.3% gain in the past month. The company reported better-than-expected Q2 earnings and record loan originations, prompting an increase in full-year revenue guidance. Analysts see potential for a 17.3% price increase to $21, driven by strong member growth and expanding product offerings. Risks include client concentration and rising interest rates, but the outlook remains positive with a buy recommendation and 90% confidence.
Fintech stocks rallied Friday, driven by Bitcoin's breakout which boosted retail brokerages and crypto-linked fintech firms. Robinhood Markets led with a 13% gain due to its direct crypto transaction revenue, followed by SoFi Technologies up 5% with ...
For those building retirement savings, investing through 401(k)s, IRAs, or brokerage accounts is best for long-term growth due to tax advantages and compounding. Fidelity, Charles Schwab, and SoFi are top brokers offering low fees and strong investme...
Jim Cramer criticized analysts' overenthusiasm for a few fintech stocks—SoFi, Klarna, and PayPal—calling for patience until these stocks drop before recommending them. Despite strong earnings, these fintech names have struggled with price declines du...
Fintech stocks like SoFi Technologies, Upstart Holdings, and Affirm Holdings rose sharply midday Wednesday following a decline in long-term Treasury yields. The U.S. Treasury announced it would double buybacks of long-dated government debt, causing 1...
