Are you bullish on Sofi after earnings beats?

SoFi posted a massive third-quarter revenue beat and raised its outlook for the full year. The company reported $531 million in revenue, exceeding estimate of $512.1 million. Its revenue was boosted by higher-than-expected student loan originations for the quarterly period. ---------------------- ● Are you bullish or bearish on Sofi after its earnings beats? ● What's your target price for Sofi?

avatarnerdbull1669
2023-10-30

SoFi (SOFI) Earnings. Option Implied Move Suggest Price Volatility Post Earnings

$SoFi Technologies Inc.(SOFI)$ is going to report its earnings for Q3 2023 on 30 October 2023 before market opens. Market is expecting a $0.08 loss earnings per share for Q3. Profit expectations are neither particularly high nor low and SoFi Technologies has a favorable profit beat history: In the last eight quarters. SoFi Technologies (SOFI) broadens offerings, attracting hundreds of thousands of new customers. Investors are optimistic that SoFi’s business will benefit as government-backed student loan payments resume after a three-year pause due to the pandemic. Though economic growth surged in the third quarter, market expert think this would not last and this is the same thing that we have been hearing all year around. Consumers, particularly
SoFi (SOFI) Earnings. Option Implied Move Suggest Price Volatility Post Earnings
avatarTiger_Newspress
2023-10-30

Pre-Bell | Dow Futures Jump 200 Points; SoFi Rises 8% While Western Digital Soars 12%

Futures for Wall Street's main stock indexes rose on Monday ahead of a busy week of earnings and interest rate decisions from major central banks including the Federal Reserve, while investors shrugged off concerns about the Middle East conflict.Market SnapshotAt 8:20 a.m. ET, Dow e-minis were up 206 points, or 0.63%, S&P 500 e-minis were up 28 points, or 0.68%, and Nasdaq 100 e-minis were up 113 points, or 0.79%.Pre-Market MoversMemory chipmaker $Western Digital (WDC)$ said on Monday it would separate itself into two independent public companies focused on data storage growth in hard drive and flash markets. Western Digital stock surges 12.37% in premarket trading.$East West Bancorp(EWBC)$ — Shares ti
Pre-Bell | Dow Futures Jump 200 Points; SoFi Rises 8% While Western Digital Soars 12%
avatarJinHan
2023-11-02

Proceed with Caution: Understanding SoFi’s Recent Surge Amidst Market Volatility

SoFi Technologies, Inc., an innovative American online personal finance company and online bank, has garnered significant attention in recent months due to its expanding product offerings and a promising third-quarter earnings report. With a diverse portfolio encompassing student loan refinancing, mortgages, personal loans, credit cards, investing, and banking services, SoFi has established itself as a key player in the fintech space. However, despite the recent surge in its stock price and positive analyst sentiments, prudent investors should exercise caution when considering their allocation to SoFi. $SoFi Technologies Inc.(SOFI)$  The recent surge in SoFi’s stock price was fueled by a strong third-quarter earnings report, prompting one ana
Proceed with Caution: Understanding SoFi’s Recent Surge Amidst Market Volatility
avatarTrendSpider
2023-10-31

Trend Charts: AAPL, SOFI, TSLA, QQQ, SPY, MCD, AMZN& IWM

Hello everyone! Today I want to share some potential stocks with you!The stocks are as follow: $McDonald's(MCD)$ 's up nearly +3% in pre-market after posting a double beat for Q3! ~EPS: $3.19 vs $3.00 est ~SALES: $6.69B vs $6.58B estImage $SoFi Technologies Inc.(SOFI)$ squeezing +8% in pre-market this morning after beating analyst estimates for the quarter ~EPS: $(0.03) vs $(0.07) est ~SALES: $530.72M vs $512.47M estImage $Invesco QQQ Trust-ETF(QQQ)$ Bear case for the Nasdaq this week would be a retest & rejection of previous support with continuation into the low volume area.Image $Amazon.com(AMZN)$ going for the wedg
Trend Charts: AAPL, SOFI, TSLA, QQQ, SPY, MCD, AMZN& IWM
avatarTiger_Newspress
2023-10-30

SoFi Stock Soars 7% on Strong Student Loan Originations and Guidance Boost

$SoFi Technologies Inc.(SOFI)$ shares surged 13.1% in morning trading after the financial-technology company posted a large revenue beat for the latest quarter and gave an upbeat outlook.The company notched a third-quarter net loss of $266.7 million, or 29 cents a share, whereas it posted a loss of $84.4 million, or 9 cents a share, in the year-earlier period. Analysts tracked by FactSet were modeling an 8-cent loss per share.SoFi said that, excluding the impact of non-cash impairment charges, it would have seen a 3-cent loss per share, “which reinforces our confidence in achieving positive GAAP net income in the fourth quarter of 2023.”SoFi also posted earnings before interest, taxes, depreciation and amortization (Ebitda) of $98 million, compare
SoFi Stock Soars 7% on Strong Student Loan Originations and Guidance Boost
avatarTiger_Newspress
2023-10-30

SoFi Technologies Non-GAAP EPS of -$0.03 beats by $0.06, revenue of $537.2M beats by $21.64M

SoFi Technologies: Q3 Non-GAAP EPS of -$0.03 beats by $0.06.Revenue of $537.2M (+26.7% Y/Y) beats by $21.64M.GAAP Net Revenue of $537 Million Up 27%; $531 Million Adjusted Net Revenue Up 27% Year-over-YearNew Member Adds of Over 717,000; Quarter-End Total Members Up 47% Year-over-Year to Over 6.9 MillionNew Product Adds of Nearly 1,047,000; Quarter-End Total Products Up 45% Year-over-Year to Over 10.4 MillionTotal Deposit Growth of $2.9 Billion, Up 23% During the Third Quarter to $15.7 Billion$68 Million Growth in Tangible Book Value, $171 Million on a Trailing 12 Month BasisFor the full year 2023, management expects adjusted net revenue of $2.045 to $2.065 billion, up from its prior guidance of $1.974 to $2.034 billion, and full-year adjusted EBITDA of $386 to $396 million, up from its pr
SoFi Technologies Non-GAAP EPS of -$0.03 beats by $0.06, revenue of $537.2M beats by $21.64M
avatarXianLi
2023-10-31

Technical Analysis on SOFI!

$SoFi Technologies Inc.(SOFI)$ did not have a good ER; rather, it was outstanding in virtually all metrics, including a triple beat (revenues, EPS, guidance), new members of over 700k and new products of 1M, both all time records. SoFi rallied to $7.88 HOD, only to drop to $6.68 (LOD) and close up only 7 cents @ $6.94, a disappointing reaction to the ER. The candle is a big upper wick that represents price rejection this time while it can lead to a test of the top of the wick, 7.88, in uptrends. At least $6.94 isn't as close to the 6.05 gap than 1 session ago. Under $7 seems like a bargain if LT investor, as do the 1/26 calls with strikes @ 4, 7, and 10, at lower prices coinciding with stock @ $6.88, 6 1/2 and @ 6.05, imh
Technical Analysis on SOFI!
avatarsunshineboy
2023-10-31
$SoFi Technologies Inc.(SOFI)$ If you haven't listened to or read the CC, this one paragraph should be understood by both bulls and bears. 1. 67% of Rev growth came from non-lending 2. Lending as additive (think cherry picking the best loans based on credit and the spread) If the loan doesn't make sense they won't do it; nor do they have to. 3. Not only GAAP profitable in Q4... but for ALL of 2024.Market makers letting tutes load up cheap, and hosing retail. SEC is bought and paid for, no help there. Hold and be rewarded.
avatarsadsam
2023-10-31

Be Cautious about SOFI!

$SoFi Technologies Inc.(SOFI)$ Problem here is that they are depending on an ever-increasing portfolio of "loans for sale" to drive revenue growth. As economy slips into recession they'll likely have to take huge writeoffs for bad loans that are still on their books - say 10-20% of that line item are garbage, that's $2-$4B writeoff.This movie plays out every economic cycle for new lenders...SOFI is just one of the latest batches. Few get through unscathed and end up blaming problems on "bad credit models" and once in a lifetime events.Notice that the book value is declining?
Be Cautious about SOFI!
avatarpredator007
2023-10-30
$SoFi Technologies Inc.(SOFI)$ is one of my largest spot holdings and I entered calls on this most recent green supportive touch. RSI has reverse and broken trend, it was a triple beat for earnings and volatility is looking to expand for my 9$ dec. 15th calls. The top side of the megaphone locally is ~ 9$ with prior areas of interest as high as 9.5-10$.SOFI: Strong bounce on Sofi earnings Megaphone
avatarskythelimit
2023-10-31
$SoFi Technologies Inc.(SOFI)$ It pays to read an interview with Barron's, Noto said, that student loans did not have a big impact on the quarter. He sees the nonlending buisness as driver of growth in 4rh Q.And next year. Lending going forward will be additive to growth, as posed to driver of growth.This is very important, which means Sofi will be more tech company then a bank, and will be evaluated with a higher pe, as a technology company. Not a bank, in the future.
avatarlonglive100
2023-10-31
$SoFi Technologies Inc.(SOFI)$ Not sure what anyone would be complaining about. That was as good of a report as expected in the banking sector. All key metrics and guidance was positive including a raise in guidance. Volume today looked like a transition and reversal, especially as it ended green. Over next week, expecting guidance raise, especially from the multiple Holds. No surprise to see 8.50 - 9.50 by end of December.
avatarmarketpre
2023-10-30
$SoFi Technologies Inc.(SOFI)$ will not stay below 10 forever, it will not stay below 20 forever, these benchmarks are at reasonable multiples in 2024, 20 that is, so we are clearly underpriced.Maybe that's fair or just the way it's going to be but at some point, you will get an irrational run that seems to never end, whether that's in 2026 or before, who knows but eventually a great company that is taking over doesn't fight the 10's for very long!
avatarwindy00
2023-10-30
2023 EBITDA growth will be $400M vs $144M or 175% growth. That is what you are going to see GAAP earnings do from 2024 to 2025. $SoFi Technologies Inc.(SOFI)$ is a complete MONSTER in the next 2-3 years.Phenomena growth. Strategy is working. On track to become a trillion dollar company as visioned. Clearly undervalued.If the company keeps performing like this, it will explode higher when the market turns. If you are long, accumulate!
avatarXianLi
2023-10-30
$SoFi Technologies Inc.(SOFI)$ The price action on this has always been weird, but eventually it’ll be dumb to not like a profitable firm. This may see 6 again in the near future.Really wish investors would understand the amount of share dilution going on here. This is an extremely over valued stock, share price should be half of what it is. I like the company overall, just cant justify the crazy price for a bank stock.
avatarsunshineboy
2023-10-30
$SoFi Technologies Inc.(SOFI)$ This is a loss for the Bag Holders that have been pumping and catching the knife since the last quarter report when it reached $11.70.The smart ones were the traders who bought the fall into last week and sold out after open this morning near the highs. It's a downhill ski slope from here and will wait for another bottom to see if $7 can hold up.
avatarjethro
2023-11-01
$SoFi Technologies Inc.(SOFI)$  is definitely a good time to get now, it has the potential to grow further. I have confidence that it will cross the $10 mark soon. Buy, buy buy!
avatarjasmine Liu
2023-11-01
$Tesla Motors(TSLA)$ [Cool]  [Cool]  [Cool]  [Cool]  is time go on bottom... Price super low now..$General Motors(GM)$  
avatark1w1ana
2023-11-03
$SoFi Technologies Inc.(SOFI)$  a good complement to my portfolio,  hold and grow for me.
avatarWoowee
2023-11-01
$SoFi Technologies Inc.(SOFI)$  bullish as it is one of my holdings haha