Stock Track | SoFi Technologies Soars 5.02% as Investor Optimism Builds Ahead of Q4 Results

Stock Track

Jan 04, 2025

Shares of SoFi Technologies Inc. (SOFI) surged 5.02% in the post-market trading session on Friday, as investors grew optimistic about the company's upcoming fourth-quarter and full-year 2024 financial results.

The online personal finance and lending company announced plans to host a conference call on Monday, January 27, 2025, to discuss its Q4 2024 and full-year 2024 performance. Ahead of the earnings release, analysts at Deutsche Bank expressed a positive outlook on SoFi, highlighting the potential for "animal spirits" to lift the stock in 2025.

Investors seem to be anticipating strong quarterly results from SoFi, driven by its diversified financial services offerings, including lending, investing, and banking products. The company's ongoing efforts to expand its product suite and customer base could also be fueling the positive sentiment.

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