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MarketBeat

Chris Markoch

Traders Sell SoFi Stock Post Earnings: Should Investors Jump In?

SOFI Anthony Noto Donald Trump

SoFi Technologies Inc. (NASDAQ: SOFI) stock is down over 11% in mid-day trading after it delivered weaker-than-expected forward guidance in its fourth-quarter earnings report. This correction comes even though the fintech company delivered another strong report, with both revenue and earnings coming in higher sequentially and year-over-year (YoY). SoFi chief executive officer Anthony Noto described 2024 as the company’s “best year ever.”

The company is projecting adjusted net revenue growth between 23% and 26% in 2025. However, the company acknowledged that growth may come at the expense of earnings as the company plans to return capital expenditures back to 2023 levels.

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