SoFi Technologies (SOFI) Rises 12% in a Month: Good Time to Buy?
SoFi Technologies(SOFI) ZACKS·2024-07-27 02:06
Shares of SoFi Technologies, Inc. (SOFI) have witnessed a notable surge of 11.6% in the past month. This rise is significant, especially when compared to the 3.2% decline of its industry and a 2% fall in the Zacks S&P 500 composite. Since going public, SOFI has shown impressive growth and the last two quarters have been profitable. Adjusted net revenues in the first quarter of 2024 increased 26% year over year. The EBITDA margin for the quarter was 25%, marking a year-over-year improvement of 840 basis poin ...