From Yahoo Finance: 2025-03-22 05:00:00

The market has been volatile, with the Nasdaq officially in a correction and the S&P 500 briefly entering one. Investors are nervous about potential tariffs impacting company earnings. However, older investors should hold secure, dividend-paying stocks, while younger investors can take advantage of buying opportunities like SoFi Technologies, which is 51% off its peak.

SoFi operates a digital financial services app that is growing rapidly, with revenue increasing 19% year over year in the fourth quarter and 26% in 2024. The company ended the year with 10 million members and added 1.1 million products in 2024, demonstrating significant growth and transformation into a full-service financial management app.

CEO Anthony Noto sees SoFi becoming a top-10 financial institution, with the potential for rising profitability and wide margins in its fee-based services segment. The company is less reliant on its lending business and aims to offer innovative features to attract younger users and drive future performance.

Although SoFi stock may be volatile in the short term, it offers a forward price-to-earnings ratio of 27, making it an attractive buy for investors with a long time horizon. The company’s focus on operational efficiency and services for younger users positions it well for future growth and success.



Read more at Yahoo Finance: This Magnificent Growth Stock Is Down 51%. Buy It Before It Sets a New All-Time High