SoFi Technologies: The Ride Higher Isn't Over Yet
Portfolio Pulse from
SoFi Technologies' shares have surged over 100% since August, outperforming the S&P 500. The company has revised its 2024 guidance higher, and despite a higher valuation, shares are still attractively priced compared to peers. Growth is driven by increased interest earning assets, improved net revenue, and expansion in its Financial Services and Technology Platform segments.
November 23, 2024 | 8:00 pm
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SoFi Technologies' shares have surged 100.8% since August, driven by increased interest earning assets, improved net revenue, and expansion in its Financial Services and Technology Platform segments. The company has revised its 2024 guidance higher, indicating further upside potential.
The article highlights SoFi's significant share price increase, revised guidance, and growth in key business segments, all of which are positive indicators for the stock's short-term performance. The company's shares are still considered attractively priced, suggesting further upside potential.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100