From Nasdaq: 2025-06-13 08:41:00

SoFi Technologies Inc. (NASDAQ: SOFI) has overcome many investor objections since going public in 2020. The company reported strong first-quarter earnings with revenue up 33% year-over-year to $770.72 million and earnings per share increasing to 6 cents per share from 2 cents. SoFi is projecting 33% YOY revenue growth and adding 2.8 million members this year.

Despite its recent successes, SoFi’s premium valuation may be a concern for investors. The stock is currently trading above the consensus price target and has a P/E ratio of 40x, potentially dampening its recent rally. Comparing it to other financial technology stocks like Robinhood Markets Inc. (NASDAQ: HOOD), SoFi may be seen as slightly overvalued.

While SoFi’s long-term growth prospects remain strong, investors may want to wait for technical confirmation before investing. The stock is currently down 2.7% in 2025 and trading above the analyst price target. A move above $15.30 may indicate a bullish rally, while support around $14.40 could be a significant level to watch for. 1. The stock market saw a surge today with the S&P 500 reaching a record high of 4,196. The Dow Jones Industrial Average also rose by 316 points, hitting 34,137. This increase was driven by strong corporate earnings reports and positive economic data.

2. In other news, a new study found that 80% of Americans are now willing to return to pre-pandemic activities, such as dining out and attending events. This shift in sentiment is attributed to an increase in vaccinations and declining COVID-19 cases across the country.

3. On the international front, tensions are rising between Russia and Ukraine as Russia amasses troops along the border. The United States has expressed concerns over Russia’s actions, calling for de-escalation and diplomatic solutions to the conflict. The situation is being closely monitored by world leaders.



Read more at Nasdaq:: SoFi Stock’s Next Test: Can It Justify Its Premium Valuation?