Is SoFi Stock a Buy Now?
SoFi (NASDAQ: SOFI) has taken investors on a bit of a roller coaster ride over the past year. After soaring rapidly in the latter half of 2024, the stock fell sharply after mildly disappointing profitability guidance in January.However, SoFi just reported its first quarter results, and to say that the numbers look good would be an understatement. Here's a rundown of how the company is doing, and whether it's worth a closer look right now.SoFi not only set a new quarterly record for revenue, but with 33% year-over-year growth, the company's already impressive growth rate is accelerating. This was fueled by adding more than 800,000 new members to the company's ecosystem, also the highest ever, as well as record-high loan originations of $7.2 billion.Continue reading
SoFi (NASDAQ: SOFI) has taken investors on a bit of a roller coaster ride over the past year. After soaring rapidly in the latter half of 2024, the stock fell sharply after mildly disappointing profitability guidance in January.
However, SoFi just reported its first quarter results, and to say that the numbers look good would be an understatement. Here's a rundown of how the company is doing, and whether it's worth a closer look right now.
SoFi not only set a new quarterly record for revenue, but with 33% year-over-year growth, the company's already impressive growth rate is accelerating. This was fueled by adding more than 800,000 new members to the company's ecosystem, also the highest ever, as well as record-high loan originations of $7.2 billion.
