SoFi stock declined 13.5% in 3 months due to challenges in competitive market

From Nasdaq: 2025-05-15 10:12:00

Shares of SoFi Technologies, Inc. (SOFI) have declined 13.5% in the past three months compared to the industry’s 6.5% drop. SoFi’s strong business model emphasizes cross-selling financial products for revenue growth and EPS expansion. Galileo, its B2B platform, drives long-term growth potential in the embedded finance market. Additionally, SoFi’s financial performance in Q1 2025 saw significant revenue growth and new member additions.
Despite its strengths, SoFi faces challenges like macroeconomic sensitivity and competition from established banking giants. Valuation concerns persist as the stock remains overvalued relative to peers. Investors are advised to hold SOFI amid market volatility, waiting for potential price corrections to manage downside risks. SoFi currently holds a Zacks Rank #3 (Hold) in the market.

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Read more at Nasdaq: SoFi Stock Slides 14% in 3 Months: Is This a Buying Opportunity?