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Sneha Nahata

Why SoFi Stock Is Sliding Despite Strong Q1 Results—Buy or Avoid?

SoFi Technologies (SOFI) delivered a strong first-quarter performance, driven by strong members and product growth. While SoFi’s top line growth rate continued to accelerate, the market reaction has been negative, with the stock declining in pre-market trading following the announcement.

The primary concern appears to stem from full-year guidance. SoFi’s management kept the full-year net revenue and adjusted EPS guidance unchanged at $4.655 billion and $0.60, respectively, despite strong Q1 performance. This indicates softness ahead. Further, its Technology Platform segment’s top line came under pressure as a large client moved off its platform.

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New York's archdiocese and survivors of clergy abuse agree to $800 million legal settlement

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One subscription that gives you access to news from hundreds of sites

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New York's archdiocese and survivors of clergy abuse agree to $800 million legal settlement

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