SoFi Technologies: A Profitable Growth Stock Worth Considering

SoFi Technologies has seen its shares surge 200% in the past year, reaching $28 per share. Despite concerns about the company's profitability, SoFi has turned profitable and continues to expand its ecosystem. The fintech specialist's financial results remain strong, with a 44% YoY revenue growth and a 700% YoY EPS increase in Q2. Its member and product growth also continue to rise. SoFi's business model is well-suited to modern consumer needs, making it a promising growth stock at its current price.

SoFi Technologies (SOFI) has experienced an impressive 200% surge in its share price over the past year, reaching $28 per share. Despite concerns about profitability, SoFi has turned profitable and continues to expand its ecosystem. The fintech specialist's financial results remain strong, with a 44% year-over-year (YoY) revenue growth and a 700% YoY earnings per share (EPS) increase in Q2. Its member and product growth also continue to rise.

SoFi's stock has been on a roller coaster ride recently. After surging about 230% over the past year, hitting a 52-week high around $30.30 in late September, according to a TS2 report, the stock has pulled back on profit-taking, closing at $26.60 on Oct. 16 after a 5% one-day drop . Even after the dip, shares remain up ~70% year-to-date . The company is expected to report Q3 2025 earnings on Oct. 28, with analysts forecasting another strong quarter, with consensus EPS of ~$0.08 on $880+ million revenue . SoFi has already surprised to the upside in Q2, posting $0.08 vs $0.06 expected, and raised its full-year revenue guidance to ~$3.37 B (+30% YoY) .

The company is aggressively expanding its fintech "super-app." In early October, SoFi launched fee-free options trading for retail investors, allowing beginners to trade covered calls and puts with zero commissions or contract fees . It also rolled out a new AI-focused ETF (NASDAQ: AGIQ) in September, targeting next-gen "agentic" AI companies like Tesla and Nvidia . Crypto payments are next on SoFi's roadmap. CEO Anthony Noto announced plans to enable blockchain-based international transfers in the app by late 2025, via a partnership with Bitcoin Lightning startup Lightspark . SoFi intends to launch its own FDIC-insured stablecoin once regulators green-light it .

SoFi's fintech infrastructure arm Galileo saw a leadership shakeup in October – long-time CEO Derek White stepped down, and CFO Bill Kennedy was promoted to CEO . On the policy front, investors are watching U.S. student loan news: a recent report suggested the Treasury might sell off federal student debt to private lenders , a potential $1.6 T market opportunity that could benefit SoFi's refinancing business.

Wall Street is sharply divided on SOFI. Bears argue the stock is overvalued after its massive run – Morgan Stanley pegs fair value around $18 and Compass Point around $12, both rating SoFi "Sell" . Yet bulls see further upside: Mizuho recently reiterated a Buy with a $31 target, citing SoFi's "strong rate-driven outlook" and accelerating growth . Overall, the consensus rating is Hold with an average price target near $21 .

SoFi's recent developments show its determination to stay on the fintech cutting edge, though they also introduce new regulatory and execution risks. The company's business model is well-suited to modern consumer needs, making it a promising growth stock at its current price.