My Top 3 Reasons to Buy the Dip on SoFi Stock in May and Hold for 5 Years
From Nasdaq: 2025-05-03 04:58:00
- SoFi Technologies (NASDAQ: SOFI) reported strong financial results for the first quarter of 2025, leading to a 7% increase in shares. The company has seen significant growth, with 10.9 million customers and a record $771 million in adjusted net revenue in Q1.
- SoFi stock is currently trading 52% below its peak, presenting a buying opportunity for investors. The company’s focus on user experience and innovation has led to rapid customer growth and revenue gains, with EPS expected to reach $0.27 to $0.28 for the full year.
- SoFi’s financial performance has been impressive, with six consecutive quarters of positive earnings. The company’s valuation is reasonable, trading at 17 times 2027 forecasted EPS, indicating potential for growth and investment opportunities. CEO Anthony Noto aims to make SoFi a top 10 financial institution with massive potential for the future.
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