Fintech giant SoFi’s (SOFI) fortunes have whipsawed in 2024. It was in the red in the first half of the year but has since recovered… and then some. The stock has more than doubled over the last three months and gained an impressive 47% in November riding the “Trump trade.”
SoFi stock is up more than 65% YTD based on yesterday’s closing prices and is outperforming the S&P 500 Index ($SPX) by a wide margin. The stock delivered impressive returns in 2023 also, and more than doubled amid the tech rally. Investors might be wondering whether the stock will continue its run in 2025, or whether the law of averages will catch up with SOFI.
