SoFi Invest (SOFI) members will now be able to invest in mutual funds and money market funds as well as select alternative investments

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Go back to SoFi Invest (SOFI) members will now be able to invest in mutual funds and money market funds as well as select alternative investments

SoFi Technologies (SOFI) cut to underweight at Morgan Stanley on profitability target risks

January 31, 2024 7:54 AM EST

SoFi Technologies (NASDAQ: SOFI) was cut to Underweight at Morgan Stanley on Wednesday, with analyst Jeffrey Adelson lowering the bank's price target for the stock to $6.50 from $7 per share.

Adelson cited factors such as regulatory headwinds and execution risks to reaching the company's new profitability targets as reasons for the... More

SoFi Technologies (SOFI) shares jump as earnings, revenue top consensus estimates

January 29, 2024 7:55 AM EST

SoFi Technologies (NASDAQ: SOFI) shares surged more than 10% Monday after the company reported its latest quarterly earnings, topping consensus expectations.

The online personal finance company reported Q4 EPS of $0.02, $0.02 better than the analyst estimate of $0.00, while revenue for the quarter came in at $594.2 million, up 34% year-on-year and above the consensus estimate of $571.83 million.

SoFi also reported quarterly new member adds of nearly 585,000, with total members rising 44% year-on-year... More