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SOFI TECHNOLOGIESSOFI TECHNOLOGIESSOFI TECHNOLOGIES

SOFI TECHNOLOGIES

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SOFI trade ideas

SoFi's Remarkable Turnaround: A Fintech Titan in the Making SoFi Technologies Inc., ( NASDAQ:SOFI ) the fintech disruptor once labeled an "anti-bank," has achieved a significant milestone by posting its first-ever profit in the fourth quarter of 2023. The San Francisco-based company, led by CEO Anthony Noto, exceeded analysts' expectations with a net income of $48 million, marking a noteworthy leap towards its ambitious goal of becoming a top 10 financial institution. Let's delve into the key highlights and implications of SoFi's ( NASDAQ:SOFI ) recent financial success and strategic shifts. Breaking Down the Numbers: SoFi ( NASDAQ:SOFI ) reported a fourth-quarter adjusted net revenue of $594.2 million, surpassing Wall Street estimates of $573.2 million. Earnings per share (EPS) stood at 2 cents, beating expectations of zero cents and demonstrating a positive turnaround from a 5-cent loss in the same quarter a year earlier. The strong financial performance has sent SoFi stock soaring, with a 16% surge to $8.84 in early trading. Strategic Shifts and Growth Outlook: CEO Anthony Noto outlined a pivotal transition year for SoFi ( NASDAQ:SOFI ) in 2024, emphasizing the company's focus on technology and financial services segments rather than aggressively growing its lending operations. Noto stated, "We're not planning to grow our lending business at all," highlighting a deliberate shift in strategy. SoFi's ( NASDAQ:SOFI ) projections for 2024 include a full-year net income in the range of $95 million to $105 million, with an EPS between 7 cents and 8 cents. The outlook factors in four anticipated interest rate cuts, reflecting a pragmatic approach to the economic landscape. Diversification Beyond Lending: SoFi ( NASDAQ:SOFI ), initially recognized for student-loan refinancing, has expanded its offerings beyond traditional lending. The company entered the cryptocurrency space in 2019 but recently announced its exit due to regulatory pressures. In a move to enhance its investment platform, SoFi ( NASDAQ:SOFI ) will now allow customers to invest in alternative investment funds, mutual funds, and money market funds. This strategic expansion aligns with the company's vision of providing a comprehensive suite of financial services. Outlook Beyond 2026: Looking ahead, SoFi ( NASDAQ:SOFI ) anticipates robust growth, projecting a 20% to 25% EPS growth beyond 2026. This optimistic outlook reflects both sustained core business growth and the added benefits from new business lines expected to launch between 2024 and 2026. As SoFi ( NASDAQ:SOFI ) continues to evolve, it remains committed to delivering innovative financial solutions and capitalizing on emerging opportunities. Conclusion: SoFi's ( NASDAQ:SOFI ) journey from a student-loan refinancing startup to a profitable fintech powerhouse underscores its resilience and adaptability in a rapidly changing financial landscape. The recent financial success, strategic shifts, and diversified offerings position SoFi ( NASDAQ:SOFI ) as a formidable player in the industry. Investors and industry observers will undoubtedly be closely watching as the company navigates its transition year and pursues its vision of becoming a top-tier financial institution.
NASDAQ:SOFILong
by DEXWireNews
SOFI pumping pre-marketWill we see the god candle ? I believe so. NASDAQ:SOFI , if nothing changes makes over 1 billion in earnings per year now, PE ~7x NASDAQ:PYPL obliterated stock has a PE of 18x. NASDAQ:SOFI therefore is worth about 15-17$ per share assuming it stops growth and does not expand profits in the future, the banks don’t want you to know this. This assumes no multiple expansion, currently the average PE of the CBOE:SPX is 26, with even moderate multiple expansion NASDAQ:SOFI could find itself at 20$ plus fairly quickly. NASDAQ:SOFI could rise as high as 32$ by next year with some multiple expansion
NASDAQ:SOFILong
by Apollo_21mil
1
Long sofi yet again prior to earnings last chanceThe four hour timeframe seems to be oversold, accumulation of shares are underway this may be the last chance to purchase these under 7.50 after they report earnings, if im incorrect then this will fall back down further down to 6.50. WHich was a key price point when The CEO anthony noto purchase his own shares which is only a dollar more that we would pay. The weekly candle is still proceeding bearish however there seems to be quite a battle between bears and bulls. please tell me what you think about the biden administration forgiving student loans would this affect sofi stock negatively? otherwise this price range and close to earnings reminds me of when pltr was around $7 i know two different companies however if they produce good earnings this will and push past 10-11 in by end of 2024.
NASDAQ:SOFILong
by b58-nic0
Sofi volatility into earningsNext monday is a huge day for Sofi investors, the first GAAP profitable quarter is expected to be announced and the stock could rip or dip on the news. I am a sofi bull and was all last year and am heavily positioned into this setup. This volatility only makes options more lucrative as the Vega on these calls is insane. I chose the June 10$ strike to have some safety from theta decay, its a position I can slowly layer out of over months if SOFI doesnt give me a 30+% daily candle. Either way I will be taking massive profits if we get a god candle but will ride my spot shares hopefully for years to come.
NASDAQ:SOFILong
by Apollo_21mil
4
SOFI ANALYSIS PUMP'N'DUMP ???i was gonna call this tank but was like meh Dont worry the effects of the recession are just kicking in (me who doesnt live in the USA speaking casually "dont worry its just recession things lol" (i know there is a ripple worldwide so shush)) that said the wen bottom prophet has come to speculate firstly yes there is going to be a dip in all sectors so its natural second like comment follow if you want to know which sectors\industries/stocks will boom in this recession and ask for stick recommendations the reds are my buys i think the second red not that im buying this i buy 300%'er stocks baby yeah (not being arrogant)
NASDAQ:SOFI
by Bekiumuzi_Dube
2
SOFI SOFI looks like it will shoot up higher next week from the support of a double bottom in the day chart. looks like it wants to bridge the gap next week. Before the day chart there is week chart. The last two candles on the week are both red, but they do not pass each other in high and low witch give mega support to a huge green candle that is expected to come. Also with banks reporting tomarrow, it also supports the chart here. Unless sofi has some a debt issue i am not aware of. This chart is based off of classical, historical method.
NASDAQ:SOFILong
by Sammy2u_
2
long sofithe price action has had some recovery in the mid 6s, as insiders have reluctantly sold of shares more than buying shares. confidence has been renewed for many investors once Noto bought shares recently at the mid6s. observing the weekly daily and four hour charts there can be a potential reversal underway and can be an intriguing point for Long entry if thy is bullish on the stock. low volume compared to previous months and weeks as the price as been in a downtrend, this month has been positive for many stocks but mainly subpar to neutral for SOFI its about time that this can break the 7.50-8.50 price and continue to the uptrend if you are long term then this does not matter but loading up shares in the low 6s might have been the optimal choice not only has sofi has had positive earnings beat the market has been holding the price up in the low 6s for the last couple months and in my opinion has a 10-30% upside!!
NASDAQ:SOFILong
by b58-nic0
Sofi a weekly viewHere is a weekly view of the SOFI chart I have been using all last year. This heavily manipulated and shorted stock is extremely hard to trade short-term (unless youre an insider of course). The teal arrow points to the most important trend line imo as the megaphone seems to not like to hold these days. I have the historical price levels as my next price target marked ( 11.14$). I think the market will be very surprised when the shorts get squeezes on profitable earnings.
NASDAQ:SOFILong
by Apollo_21mil
Navigating the SoFi Plunge In the dynamic landscape of the stock market, SoFi Technologies ( NASDAQ:SOFI ) has emerged as a compelling player, capturing the attention of investors with its upward momentum and positive long-term prospects. As we delve into the intricacies of SOFI's recent performance and market indicators, a clearer picture of its potential unfolds. Price Momentum and Moving Averages: NASDAQ:SOFI is positioned in the middle of its 52-week range, showcasing a balanced evaluation by investors. Moreover, trading above its 200-day simple moving average emphasizes the stock's sustained positive momentum. This signifies that, despite the fluctuations, the stock has managed to stay above a key long-term trend line, reinforcing confidence among investors. While the stock is currently trading in the middle of its 52-week range, the upward momentum suggests that there may be room for further growth. Investors should remain vigilant, keeping an eye on potential overbought signals and market developments. As NASDAQ:SOFI continues to navigate the financial landscape, its positive trajectory indicates that the stock could be an attractive prospect for those seeking long-term gains. As always, prudent decision-making and staying informed are key components of any successful investment strategy in the ever-evolving world of finance.
NASDAQ:SOFILong
by DEXWireNews
Sofi flipped bearish, short sellers take controlSofi has been a popular stock to short for the past year or so. I find it funny that insiders can publish negative news and also be in shorts on the stock as the same time which is clearly the case here. The stock fell back into the long-term megaphone and created a massive gap on the daily. Mixing this with the market uncertainty, sketchy bond price action, and a storm has been created. I am doubling down on my 10$ calls for June here on this discount.
NASDAQ:SOFILong
by Apollo_21mil
Overview of $SoFi's Recent Performance SoFi Technologies ( NASDAQ:SOFI ) is displaying a promising upward trend in the medium to long term, reflecting positive developments and heightened investor interest. NASDAQ:SOFI is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. NASDAQ:SOFI has broken a resistance level and given a positive signal for the long-term trading range. The stock has support at dollar 8.10 and resistance at dollar 11.40. This indicates increasing optimism among investors and further price increase for SoFi Technologies. However, for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The RSI curve shows a rising trend, which supports the positive trend. The 200-day moving average is below the current price, indicating a long-term uptrend.
NASDAQ:SOFILong
by DEXWireNews
1
Convergence on SofiSofi is taking another shot at this red resistance it has struggled with for weeks. The takeover of the EMAs was short-term bullish. This convergence of EMAs signals contraction to me, and you know how I feel about contraction. As the candles get smaller and RSI rises a big move is on the horizon. Sofi being GAAP profitable this coming quarter is not priced in, short-sellers account for over 15% of total floating shares. I am still net long, I have actually added 6 month out calls to my spot bags for a long-term lever on my shares. My 9-10$ target by end of year still stands, although I wouldnt put it past short-sellers to ruin the fun again.
NASDAQ:SOFILong
by Apollo_21mil
$SOFII think there's a good chance that NASDAQ:SOFI 's is finally finished. The next few days it will be worth watching this stock. If SOFI manages to close above the downward channel this week and it doesn't get instantly sold on Monday I could see it have some explosive upside. Otherwise, we may be in for another test of the lows. I have a long position in the shares that I entered into in January and on which I have taken partial profits in June. At this point, I am not buying or selling, but depending on how the next few days play out I might either increase my position again, or close it out altogether.
NASDAQ:SOFILong
by matthias
2