Will SoFi Keep Rising After Turning Profitable?

SoFi Technologies surged nearly 10% in premarket trading after its Q4 results beat expectations. Revenue surged by more than a third and signed up more than half a million new members. -------------- Will Sofi continue to go upside after earnings beat? How do you view Sofi's earnings?

avatarJasoncgs
2024-06-25
The majority of $SOFI's loan portfolio is composed of personal loans. However, stating personal loans are bad is not a legitimate argument. That's even true in a recession. Personal loans are not risky just because they are unsecured. Mortgages, similarly, are not safe just because they are collateralized. The Great Financial Crisis in 2007-2009 was not caused by rampant defaults on personal loans, but on ostensibly “safe” mortgages that were backed by the collateral in physical real estate. In fact, personal loans actually did fairly well in the GFC. Risk is not defined by the type of loan, it is determined by the the odds that the bank loses money on that loan. Is the next banking crisis more likely to happen because of personal loans or because of non-performing commercial real estate l
avatarXianLi
2024-07-09
$SoFi Technologies Inc.(SOFI)$ Buy when there has been long term Bearish sentiment & blood in the streets.It’s basically Debt Free,This Company isn’t going BK.Any good news Sofi will Surge up above $10.Waiting to Hear a Major Share Buyback Announcement around earnings announcement too..Use the 123 rule on any good news..3 Doomed Software Stocks Destined for Disaster
avatarlonglive100
2024-07-09
$SoFi Technologies Inc.(SOFI)$ I bought this stock for less than $5 before and sold it for around a 20% profit. However, in my opinion, its forward P/E ratio of 26.72 seems bloated for a bank. I would consider reinvesting if the price dropped to around $2.00-$2.35, but that's just my perspective.[Grin][Grin][Grin]
avatarYNWIM
2024-07-09
$SoFi Technologies Inc.(SOFI)$ easy 10$ stock by eoyNext earnings will be a beat, then we will see 8 $. It will consolidate again around 7 because retail banks hate this stock. But then they will beat yet again and again and by eoy we will have at least 10. [Lovely][Lovely][Lovely]
avatarN30
2024-02-01
$SoFi Technologies Inc.(SOFI)$ I doubt it will keep rising after turning profitable. It's not uncommon for a stock to pullback after a strong run-up.  A pullback is healthy, as it allows the stock to consolidate gains and find a new equilibrium point. This healthy correction can shake out short-term traders and attract long-term investors seeking entry points. SOFi is fundamentally strong, so a temporary pullback can be a buying opportunity for long term investors. Just my opinion. @TigerEvents  @TigerStars  @CaptainTiger