SoFi Technologies Inc. aims for 30% membership growth and 20% revenue growth, although its stock has decreased by 1.4% recently. The share price remains 39.7% higher year to date, outperforming the S&P 500. The company experienced a strong stock performance earlier in the year but faced a spring pullback. SoFi has expanded its collaboration with Capitalize and extended a major financial agreement for personal loans. Challenges from recession concerns affect fintech stocks overall, while SoFi explores re-entering the crypto and blockchain markets.
SoFi Technologies targets a 30% growth in membership and a 20% increase in revenue, while the share price remains significantly higher year to date.
Despite recession worries affecting fintech stocks, SoFi's share price is 39.7% up for the year, outperforming the S&P 500 and near its 52-week high.
SoFi has expanded its partnership with Capitalize for 401(k) transfers and extended its Loan Platform Business agreement for personal loans with Fortress Investment Group.
The company aims to re-enter the crypto and blockchain space while continuing its ambition to be a comprehensive financial services platform.
Collection
[
|
...
]