SOFI - SoFi Technologies: A Breakout May Be Ahead

2024-01-22 20:21:36 ET

Summary

• SoFi Technologies is expected to report strong earnings for Q4-23, with the potential for a blowout release.
• The fintech's member growth and potential for GAAP profitability are convincing, leading to a potential breakout in the stock.
• Falling inflation and a strong U.S. economy provide a favorable backdrop for SoFi Technologies, making it an attractive investment opportunity.

SoFi Technologies, Inc. ( SOFI ) is a promising, high-potential investment in the fintech market ahead of the company’s 4Q-23 earnings.

SoFi Technologies is scheduled to report quarterly earnings on Monday, January 29, 2024, and I think we could be headed for a blowout earnings release, particularly as inflation is retreating which might have spurred the fintech’s account growth in the fourth quarter....

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