SoFi stock has surged 132% in the last six months, reaching a market cap of $33 billion, making it more valuable than well-known companies. With a forward P/E ratio of 50.8, the stock may not be a bargain for value investors, but its growth potential is attracting attention from investors.

SoFi’s membership base has grown to over 11.7 million users, with 846,000 new customers added in Q2. The company’s digital-first model prioritizes customer experience, leading to rapid growth despite challenges like the pandemic and inflation. Innovation, such as cryptocurrency trading and cross-border money transfers, drives customer satisfaction.

SoFi’s earnings have shown significant growth, with adjusted net income reaching $227 million in 2024 and projected to hit $370 million this year. Analysts expect a 138% increase in EPS between fiscal 2025 and 2027, reflecting the company’s profitable digital model. Long-term investors should consider SoFi’s earnings trajectory when evaluating the stock.

While SoFi’s stock price has risen, investors with a higher risk tolerance and long-term horizon may find value in buying below $30 per share. The company’s focus on earnings growth and innovative services like cryptocurrency trading make it an intriguing investment opportunity for those willing to take a chance.

Read more at Nasdaq: Should You Buy SoFi Technologies While It’s Below $30?