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SOFI more of a fintech company than a traditional bankSoFi Technologies, Inc. (SOFI) is often viewed as more of a fintech company than a traditional bank due to its tech-driven approach to financial services. While SoFi does hold a bank charter and offers conventional banking products like checking, savings, and loans, its core value proposition lies in its fully digital platform that integrates lending, investing, banking, and financial planning. SoFi was built from the ground up as a technology-first company, prioritizing user experience, automation, and mobile-first functionality. Unlike legacy banks that are adapting to digital, SoFi was born in the cloud, positioning itself more as a modern financial technology platform aiming to be a one-stop-shop for personal finance.
NASDAQ:SOFI
by Zenjaycfa
1
$SOFI: DIP BUYING OPP. INBOUND!NASDAQ:SOFI : DIP BUYING OPP INBOUND! Are you looking to buy more cheap Sofi shares? Check this out then... DIP BUY BOX: $13-$15 🎯 The indicator up top is the Williams %R and it is one of my favorite tools! Do you see how every time we break above -20 or hit the Red barrier and reject we go all the way down to -80 or the Green Support Beam and vice versa? 👀 Yes, every single time since NASDAQ:SOFI went public back in 2020! If you are a probabilities person like me then you understand that we most likely will at a minimum go to -80 and would put the price under $15, thus giving an opportunity to investors and traders. The bullish side to this is this is great consolidation before the next BIG MOVE! Which I believe when the pendulum swings in the opposite direction we could swing to ATHs before getting to the Red barrier!! This time could be different but the probabilities say it won't be friends. Hope you enjoyed this TA! Have a great Sunday! Not financial advice
NASDAQ:SOFILong
by RonnieV29
SoFi Technologies (SOFI): Bearish Breakdown and Updated TargetsSoFi Technologies (SOFI) has shown clear signs of weakness after breaking below a head and shoulders pattern on its chart. While some speculate on a lofty $75.00 target, the technicals tell a different story. 🔍 Current Price and Technical Outlook: SOFI is currently trading at $14.15. The head and shoulders breakdown suggests further downside potential, with bearish momentum dominating. 🎯 Updated Bearish Price Targets: 1. First Target : $12.68 2. Second Target : $11.49 3. Third Target : $9.20 🚨 Stay Informed : It's important to focus on realistic targets rather than hype. The technicals are pointing towards potential downside, so managing risk and setting clear exit points is crucial for traders and investors alike. 💬 Do you agree with these targets, or do you see a different trend forming? Let’s discuss in the comments!
NASDAQ:SOFI
by CryptocurrencyWatchGroup
4
SOFI ($SOFI) BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! BUY!NASDAQ:SOFI SOFI BANK: A FULL TECHNICAL & FUNDAMENTAL ANALYSIS! Here is what we are going to deep dive into in this video: 1.) Review Sofi's earnings report from this morning 2.) What SOFI's charts are telling us, using my "High Five Setup" trading strategy 3.) A look at the fundamentals of the company and what score /6 SOFI received on my "Valuation Pro Analyzer" Let me know what you think of my analysis in the comments below. What stocks do you want to see next through my strategies and tools? Did you buy the dip on NASDAQ:SOFI ? LIKE l FOLLOW l SHARE Not financial advice.
NASDAQ:SOFILong
by RonnieV29
WE GOT A 5/5 TRADE SETUP ON $SOFI! Cup n Handle about to BUST! NASDAQ:SOFI 🖐️WE GOT A 5/5 TRADE SETUP ON SOFI My trading strategy consists of 5 Indicators: 1.) A clear and clean Charting pattern setup. ✔️ For this chart that is a CUP N HANDLE pattern which is about to breakout. 2.) A Volume Gap to fill and strong buying area. ✔️ Volume gap up to $13. 3.) The MACD up trending. Crossing Zero line = Bullish ✔️ We have crossed the Zero line and up trending beyond it at this time. 4.) RSI rising and making higher lows. ✔️ Up trending and just crossed the Upper RSI band. Higher lows are being made on this chart. 5.) Weekly Stochastic Up Trend. Most bullish once it crosses up through lower band or bearish once it crosses down through upper band. ✔️ Clearly are up trending on this charts stochastic and just crossed upper stoch band. Short🎯 $11.70 Long🎯 $15.83 Bonus: Bullish sentiment behind the name and lots of catalysts. Hope you enjoyed! Like ❤️ Follow 🤳 Share 🔂 Not financial advice.
NASDAQ:SOFILong
by RonnieV29
SoFi Stock Soars on $2B Fortress Capital Loan DealShares of SoFi Technologies (NASDAQ: NASDAQ:SOFI ) surged over 9% on Monday morning after the company announced a landmark $2 billion deal with Fortress Capital. This agreement aims to bolster SoFi’s personal loans business, allowing the digital financial services company to diversify its revenue streams. CEO Anthony Noto emphasized that this move would help SoFi focus more on fee-based income rather than capital-intensive operations. Fortress Capital echoed Noto’s optimism, stating that SoFi’s personal loans platform presents a "compelling investment opportunity" for its funds. This collaboration is expected to create a ripple effect in SoFi’s financial positioning, improving its growth prospects and profitability. Key Details of the Fortress Deal: - $2 Billion Agreement: SoFi partners with Fortress to expand its personal loans business by referring pre-qualified borrowers to loan origination partners and originating loans on behalf of other entities. - Revenue Diversification: This deal aligns with SoFi’s strategy to focus more on less capital-intensive sources of revenue, tapping into fee-based business models that will help the company scale. - Stock Surge: Following the announcement, SoFi stock rose sharply, gaining over 10% in Monday’s trading session. Financial and Strategic Outlook: In recent months, SoFi’s stock has seen renewed momentum, pulling off from its August lows. The company’s lending services revenue rose 3% year-over-year in Q2 to about $340 million, accounting for over half of its total quarterly revenue. With third-quarter results expected later this month, investors are eagerly watching for more signs of progress in SoFi's financials. Anthony Noto, speaking at a Goldman Sachs conference in September, expressed optimism about the success of SoFi’s lending business. Noto noted that the company has significant room for growth, particularly in a low-rate environment. Technical Analysis: From a technical standpoint, SoFi stock (NASDAQ: NASDAQ:SOFI ) is displaying strong bullish momentum. The stock is currently up 10.1% and has formed a long bullish harami candlestick pattern, which often signals a continuation of a positive trend. The stock’s RSI sits at 80, suggesting it is currently overbought, so some caution may be warranted. However, the presence of a golden cross on the daily price chart—where the 50-day moving average crosses above the 200-day moving average—further supports a bullish outlook. Historically, golden crosses signal the beginning of a strong upward trend. Conclusion: With SoFi’s innovative $2 billion loan agreement with Fortress Capital, the company is set to solidify its position in the personal loans sector. The deal provides a new source of revenue for SoFi (NASDAQ: NASDAQ:SOFI ), which continues to leverage its platform to attract new users and boost profitability. As technical indicators remain bullish, and with third-quarter results around the corner, SoFi’s stock could have more room to run. Investors should keep an eye on this rising star in the fintech space as it navigates the evolving digital financial services landscape.
NASDAQ:SOFILong
by DEXWireNews
SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! NASDAQ:SOFI LONG: SYMMETRICAL TRAINGLE BREAKOUT! 80% MOVE INBOUND! Everything is FINALLY looking on track for NASDAQ:SOFI stock! See analysis below and my Symmetrical Triangle Breakout trade details at the bottom of the post! Not Financial Advice. STOCHASTIC UPTREND MACD UPTREND & BREAKOUT OVER ZERO LINE RSI UPTREND STOCK PRICE UPTREND SYMMETRICAL TRIANGLE BREAKOUT - MEASURED TRIANGLE: 727 BARS - BREAKOUT MOVE 727 BARS HIGHER (86.87%) $15.63 - TAKE PROFITS: TOP OF THE TRIANGLE (39.78%) $11.70 - STOP-LOSS BELOW MA's AND VOLUME SHELF 2.5 RISK TO REWARD (15.89%) $7.04
NASDAQ:SOFILong
by RonnieV29
5
SoFi's Remarkable Turnaround: A Fintech Titan in the Making SoFi Technologies Inc., ( NASDAQ:SOFI ) the fintech disruptor once labeled an "anti-bank," has achieved a significant milestone by posting its first-ever profit in the fourth quarter of 2023. The San Francisco-based company, led by CEO Anthony Noto, exceeded analysts' expectations with a net income of $48 million, marking a noteworthy leap towards its ambitious goal of becoming a top 10 financial institution. Let's delve into the key highlights and implications of SoFi's ( NASDAQ:SOFI ) recent financial success and strategic shifts. Breaking Down the Numbers: SoFi ( NASDAQ:SOFI ) reported a fourth-quarter adjusted net revenue of $594.2 million, surpassing Wall Street estimates of $573.2 million. Earnings per share (EPS) stood at 2 cents, beating expectations of zero cents and demonstrating a positive turnaround from a 5-cent loss in the same quarter a year earlier. The strong financial performance has sent SoFi stock soaring, with a 16% surge to $8.84 in early trading. Strategic Shifts and Growth Outlook: CEO Anthony Noto outlined a pivotal transition year for SoFi ( NASDAQ:SOFI ) in 2024, emphasizing the company's focus on technology and financial services segments rather than aggressively growing its lending operations. Noto stated, "We're not planning to grow our lending business at all," highlighting a deliberate shift in strategy. SoFi's ( NASDAQ:SOFI ) projections for 2024 include a full-year net income in the range of $95 million to $105 million, with an EPS between 7 cents and 8 cents. The outlook factors in four anticipated interest rate cuts, reflecting a pragmatic approach to the economic landscape. Diversification Beyond Lending: SoFi ( NASDAQ:SOFI ), initially recognized for student-loan refinancing, has expanded its offerings beyond traditional lending. The company entered the cryptocurrency space in 2019 but recently announced its exit due to regulatory pressures. In a move to enhance its investment platform, SoFi ( NASDAQ:SOFI ) will now allow customers to invest in alternative investment funds, mutual funds, and money market funds. This strategic expansion aligns with the company's vision of providing a comprehensive suite of financial services. Outlook Beyond 2026: Looking ahead, SoFi ( NASDAQ:SOFI ) anticipates robust growth, projecting a 20% to 25% EPS growth beyond 2026. This optimistic outlook reflects both sustained core business growth and the added benefits from new business lines expected to launch between 2024 and 2026. As SoFi ( NASDAQ:SOFI ) continues to evolve, it remains committed to delivering innovative financial solutions and capitalizing on emerging opportunities. Conclusion: SoFi's ( NASDAQ:SOFI ) journey from a student-loan refinancing startup to a profitable fintech powerhouse underscores its resilience and adaptability in a rapidly changing financial landscape. The recent financial success, strategic shifts, and diversified offerings position SoFi ( NASDAQ:SOFI ) as a formidable player in the industry. Investors and industry observers will undoubtedly be closely watching as the company navigates its transition year and pursues its vision of becoming a top-tier financial institution.
NASDAQ:SOFILong
by DEXWireNews
Navigating the SoFi Plunge In the dynamic landscape of the stock market, SoFi Technologies ( NASDAQ:SOFI ) has emerged as a compelling player, capturing the attention of investors with its upward momentum and positive long-term prospects. As we delve into the intricacies of SOFI's recent performance and market indicators, a clearer picture of its potential unfolds. Price Momentum and Moving Averages: NASDAQ:SOFI is positioned in the middle of its 52-week range, showcasing a balanced evaluation by investors. Moreover, trading above its 200-day simple moving average emphasizes the stock's sustained positive momentum. This signifies that, despite the fluctuations, the stock has managed to stay above a key long-term trend line, reinforcing confidence among investors. While the stock is currently trading in the middle of its 52-week range, the upward momentum suggests that there may be room for further growth. Investors should remain vigilant, keeping an eye on potential overbought signals and market developments. As NASDAQ:SOFI continues to navigate the financial landscape, its positive trajectory indicates that the stock could be an attractive prospect for those seeking long-term gains. As always, prudent decision-making and staying informed are key components of any successful investment strategy in the ever-evolving world of finance.
NASDAQ:SOFILong
by DEXWireNews