SoFi Technologies Inc.'s (NASDAQ: SOFI) chief executive officer stated at a conference earlier this year that the fintech company is targeting 30% member growth and 20% revenue growth.
One of the ways SoFi (SOFI -0.50%) broke into the market is by serving segments of the market that no one else wanted to. Student loans are a great example of that, and the company is now a market leader in student loan refinancing.
SoFi's (SOFI 0.04%) recent growth has certainly been impressive. In fact, the banking disruptor added more new members in the second quarter than ever before.
A few years ago, SoFi Technologies (SOFI 4.52%) and Robinhood Markets (HOOD -2.98%) were consistently unprofitable companies that seemed to be going nowhere. However, both have turned things around impressively and have seen their share prices skyrocket in the process.
Wondering whether you should invest in shares of SoFi Technologies (SOFI 4.52%) -- and whether this is a good time to do so? You're probably not alone.
The market is finally recognizing that SoFi Technologies (SOFI 4.52%) has what it takes to become a viable long-term bank, and that its services are attracting a young and vibrant cohort of members who will drive growth for a long time.
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