Should You Buy SoFi Stock Before July 29?
SoFi stock has plunged this year.
Overview
SoFi Technologies (NASDAQ: SOFI) stock has been a poor performer this year. The all-digital bank has had a few missteps, and carrying a premium valuation, it was a setup for a fall.
But at the new lower price, it no longer looks so expensive. Heading into the second-quarter earnings report, is it time to buy SoFi stock?
Details
SoFi has been reporting incredible performance. Top-line growth accelerated to 41% year over year in the 2026 first quarter, driven by a rebound in the loan business. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 62% with a 31% margin, and net income increased 134% with a margin of 15%.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.