SoFi Technologies stock hits 52-week high at $18.43

SoFi Technologies (NASDAQ:SOFI) Inc. stock reached a new 52-week high, hitting $18.43, marking a significant milestone for the company. With a market capitalization of $19.7 billion and an impressive gross profit margin of 82%, the fintech company has shown robust operational efficiency. According to InvestingPro analysis, the stock appears overvalued at current levels. Over the past year, the stock has experienced a remarkable increase of 167.19%, reflecting strong investor confidence and positive market momentum. With revenue growth of 24% and a PEG ratio of 0.16, the company demonstrates strong fundamentals. This surge to a 52-week high underscores the company’s robust performance and growth prospects in the financial technology sector. The impressive 1-year change highlights the stock’s upward trajectory and the increasing interest from investors in SoFi’s innovative approach to financial services. InvestingPro subscribers have access to 13 additional key insights and a comprehensive Pro Research Report for deeper analysis.

In other recent news, SoFi Technologies reported strong financial results for the first quarter of 2025, with earnings per share of $0.06, surpassing the forecasted $0.04. The company’s revenue reached $771.76 million, exceeding expectations by approximately 4.25%. Following this announcement, SoFi raised its full-year guidance, reflecting confidence in future growth. Additionally, SoFi Technologies plans to introduce international money transfers and cryptocurrency investing services later this year, utilizing blockchain networks to facilitate these transactions.

During the company’s recent annual meeting, shareholders elected ten board members and approved executive compensation. Deloitte & Touche LLP was ratified as the independent auditor for the fiscal year. Despite the positive earnings report, BofA Securities maintained an Underperform rating for SoFi, with a $13 price target. Analyst Mihir Bhatia noted the company’s strong quarter but expressed caution due to macroeconomic uncertainties.

Furthermore, SoFi Technologies announced plans to expand its cryptocurrency offerings, including potential ventures into stablecoins and crypto-backed loans. The company highlighted its commitment to providing members with more choices through these innovations. These developments come as SoFi continues to grow its membership, adding 800,000 new members in the first quarter alone.

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