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SoFi Earnings: Why Are Shares Soaring After Earnings?

SoFi stock is up since the company reported Q4 earnings. Is the stock a buy right now?

By Neil Rozenbaum – Jan 29, 2024 at 10:34AM EST

In this video, I will be going over SoFi Technologies' (SOFI +4.91%) fourth-quarter earnings report, which was its first profitable quarter according to generally accepted accounting principles (GAAP). The company also shared what it expects to achieve in 2024.

*Stock prices used were from the trading day of Jan. 26, 2024. The video was published on Jan. 29, 2024.

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Neil Rozenbaum has positions in SoFi Technologies. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

SoFi Technologies Stock Quote
SoFi Technologies
NASDAQ: SOFI
$18.79
(+4.91%)+$0.88

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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