SoFi Technologies (SOFI) Stock

SoFi (SOFI 5.03%) is one of my top stock picks as we approach 2025. The fintech company has shown impressive growth for several years, even during the bear market of 2022, and it appears to be reaching a turning point in terms of making profits and gaining wider acceptance.

As 2025 starts, SoFi Technologies (NASDAQ: SOFI) is experiencing a decline, even though analysts have a mix of hopeful and cautious views on its future.

Tesla's stock drops because its fourth-quarter deliveries were lower than expected. Meanwhile, Palantir's shares also fall, but Nvidia's stock increases as the new trading year begins, following impressive gains for both companies in 2024.

The stock market began the new year on a rather negative note on Thursday, and SoFi Technologies (SOFI -8.25%) experienced a significant drop. The fintech company's shares fell by over 8% during the first trading day of 2025, which was a much larger decline compared to the 0.2% decrease of the S&P 500 index.

Tesla's stock is increasing as it prepares to release its fourth-quarter delivery figures. Meanwhile, shares of Palantir and Nvidia are also climbing as the new trading year begins, following impressive gains in 2024.

SoFi Technologies (SOFI) has recently received downgrades from analysts who are worried about the company's high valuation. On the other hand, technical analysis, especially moving averages, indicates that there may be support for the stock.

In the most recent trading session, SoFi Technologies, Inc. (SOFI) finished at $15.40, which is a decrease of 1.47% compared to the previous day.

Bank stocks generally offer unique advantages for investors compared to other types of stocks. These companies are typically well-established and have plenty of cash, which helps protect investors during market fluctuations. Additionally, they often distribute dividends to their shareholders.

Since going public, SoFi Technologies (SOFI -3.74%) has not gained much favor with investors. The fintech firm merged with a special purpose acquisition company (SPAC) and made its debut on June 1, 2021, with its stock starting at $21.97.