After nearly a year of stock losses, SoFi Technologies (NASDAQ: SOFI) finally impressed investors with its third-quarter results. SoFi stock jumped 15% after the third-quarter earnings report, but it’s still 50% off its high. Is it finally turning a corner? And is it a buy this month?
The new way to bank
SoFi has a growing digital finance app that’s quickly attracting new customers. It added 1.2 million customers in the third quarter, a new record, and 2.2 million products. Products per customer are now 1.67, up from 1.56 last year, and 51% of new products came from existing customers. That aligns with the company’s “one-stop shop” strategy.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a “Double Down” signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same “Total Conviction” signal is flashing for a company 1/100th the size of Nvidia. Continue »
Adjusted net revenue increased 44% year over year, and earnings per share (EPS) were up 64% to $0.18. Management raised its 2026 outlook and expects $6.4 billion in adjusted net revenue, a 44% increase, and $0.61 in EPS. It also provided a 2027 outlook implying 27% growth and $0.90 in EPS.
At the current price, SoFi stock trades at 18 times next year’s earnings and less than 2 times book value. That’s not the cheapest bargain out there, but it’s a great price for a growth stock with strong long-term prospects.
The stock may experience short-term volatility as it grows, but over the next five years and beyond, it should reward shareholders well. As long as you can commit to holding for a few years, now is a good time to buy.
Should you buy stock in SoFi Technologies right now?
Before you buy stock in SoFi Technologies, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and SoFi Technologies wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004… if you invested $1,000 at the time of our recommendation, you’d have $336,195!* Or when Nvidia made this list on April 15, 2005… if you invested $1,000 at the time of our recommendation, you’d have $1,241,567!*
Now, it’s worth noting Stock Advisor’s total average return is 875% — a market-crushing outperformance compared to 208% for the S&P 500. Don’t miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
