SoFi Technologies Stock Hits 52-Week High at $20.89

SoFi Technologies (SOFI) stock hit a new 52-week high at $20.89, gaining 217% in the past year. Analysts project an EPS of $0.91 in 2029, making the forward EPS multiple 22x. The stock is trading at its highest multiple since becoming profitable in mid-2024. The company continues to expand its offerings to its 10.9 million members, projecting higher revenues and earnings in the future. SoFi recently announced access to private capital markets for its members through asset management firms. The company aims to be more than a digital bank, expanding into high-net-worth advisory services. Despite potential risks, SoFi remains a long-term bet, with options offering a way to gain exposure to its growth.

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