$SOFI

7 stories mentioning SOFI

Every FINWIRES story that references SOFI, newest first.

Sector Update: Tech Stocks Gain Monday Afternoon

Tech stocks were higher Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.4%.The Philadelphia Semiconductor index added 2.2%.In sector news, Cerebras Systems increased the size and expected price range of its initial public offering, which now could raise as much as $5.52 billion for the AI chipmaker.In corporate news, Monday.com (MNDY) lifted its full-year revenue outlook after the project management software company posted a surprise Q1 earnings gain. Its shares rose 2.4%.SoFi Technologies (SOFI) is taking over British fintech PrimaryBid, Sky News reported, citing a letter PrimaryBid sent its shareholders that it viewed. SoFi shares added 2%.Microsoft-backed (MSFT) OpenAI allowed employees to sell as much as $30 million worth of shares each in a recent financing, The Wall Street Journal reported. More than 600 existing and former OpenAI employees sold their shares in a single stroke in October, collectively making $6.6 billion, the report said. Microsoft shares were down 1.2%.

$MNDY$MSFT$SOFI

Wire35d ago

Update: Market Chatter: SoFi Technologies Taking Over PrimaryBid

(Updates with SoFi's response to a request for comment.)SoFi Technologies (SOFI) is taking over British fintech PrimaryBid, Sky News reported Monday, citing a letter PrimaryBid sent its shareholders that it viewed."SoFi has acquired the assets of PrimaryBid's directed share program," a SoFi spokesperson told.PrimaryBid didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $15.99, Change: $+0.24, Percent Change: +1.52%

$SOFI

Wire35d ago

Market Chatter: SoFi Technologies Taking Over PrimaryBid

SoFi Technologies (SOFI) is taking over British fintech PrimaryBid, Sky News reported Monday, citing a letter PrimaryBid sent its shareholders that it viewed.SoFi and PrimaryBid didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $15.99, Change: $+0.24, Percent Change: +1.52%

$SOFI

Wire35d ago

SoFi Technologies Taking Over Fintech PrimaryBid, Sky News Reports

$SOFI

Research44d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of Sofi Technologies, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $4 to $18, applying a P/E of 17.8x our 2028 EPS view vs. SOFI's 71.2x three-year historical forward P/E average. We keep our 2026 EPS estimate at $0.58, 2027's at $0.81, and 2028's at $1.01. We expect robust member and product growth, fueled by key initiatives like crypto and the SoFi Plus relaunch, to support sustained double-digit revenue expansion. The relaunched SoFi Plus introduces a paid subscription to fuel cross-selling, while the crypto initiative leverages its unique, bank-issued stablecoin to become a core infrastructure provider for digital assets.However, this outlook is reflected in a rich valuation that leaves minimal room for execution missteps. We remain neutral, as a sustained high-rate environment could stress consumers and impact credit performance, a key risk given the company's large personal loan portfolio. Management's decision to not raise full-year guidance, despite a strong quarter, balances strategic investments against macroeconomic uncertainties.

$SOFI

Wire46d ago

SoFi Technologies' Q2 Guidance Weaker Than Expected, 2026 Outlook Implies Ramp in H2, Morgan Stanley Says

SoFi Technologies' (SOFI) guidance for Q2 was weaker than expected, while the 2026 outlook implies a ramp up in H2, Morgan Stanley said in a Thursday research note.The company's Q2 guidance implies about $1.11 billion to 1.12 billion in revenue, which is 0.7% below Morgan Stanley estimates, and $330 million to $340 million in earnings before interest, taxes, depreciation and amortization, which is 16% below prior estimate, Morgan Stanley said.The firm lowered its Q2 earnings per share estimate by 4 cents to $0.11 and kept its revenue estimate unchanged at $1.123 billion.Morgan Stanley said the company has noted an increase in marketing spend in H1, in addition to investments in product innovation, which it believes will drive a ramp up in H2 and support longer-term growth.Morgan Stanley lowered its price target on the company's stock to $16 from $18 and kept its underweight rating.Price: $16.21, Change: $+0.68, Percent Change: +4.38%

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Research47d ago

Research Alert: Sofi Q1: Sofi Meets Expectations, But Provides Stale Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:SOFI delivered strong Q1 results with record adjusted net revenue of $1.09B (+41% Y/Y), beating Street expectations of $1.05B, while EPS of $0.12 matched expectations versus $0.06 prior year. The quarter showed strong momentum with record member additions of 1.055M bringing total membership to 14.7M (+35% Y/Y) and product additions of ~2.0M reaching 22.2M total products (+39% Y/Y). Cross-buy reached 43%, demonstrating the effectiveness of SoFi's integrated financial services ecosystem and platform strategy. However, unchanged 2026 guidance and soft Q2 outlook left investors wanting more despite the strong performance. We believe the strategic shift toward capital-light fee-based revenue streams enhances business durability, with fee-based revenue reaching $386.8M (+23%) and loan originations hitting record $12.2B (+68%). Credit quality remained healthy with improved charge-off rates and deposit growth to $40.2B supporting our positive view of SoFi's risk management.

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