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Stock impact report

Huge News for SoFi Investors [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
reported strong third-quarter earnings, and is now adding robo-investing for customers. The company keeps firing on all cylinders, adding more and more products to improve its value. In turn, this is leading to more customer growth. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » The stock is up 35% in the last month and getting near the all-time highs set when its merger with a special purpose acquisition company (SPAC) was consummated in 2020. Should you buy after this recent run-up? Let's investigate SoFi's stock performance and find out. Top-line results came in with more of the same in the third quarter. Total customers grew 35% year over year to 9.4 million, which was a record. Strong customer growth led to 30% adjusted net revenue growth in the quarter. Problems for SoFi Technologies haven't stemmed from growth. Profitability has been the drag that is keeping the stock down. Management has reined in costs and Show less Read more
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