SoFi TechnologiesNASDAQ: SOFI

SoFi Technologies Inc. (SOFI, Financial) has become an aggressive competitor within the spectrum of financial service providers, as evidenced by its strong record of refinancing student loans.

It's been a difficult month for SoFi Technologies (NYSE: SOFI ), but things may be about to shift in a new direction. The fintech startup is preparing to report earnings for the second quarter of 2024.

CNBC's Jim Cramer was asked about SoFi Technologies (NYSE: SOFI ) in a mid-June episode of Mad Money. The veteran investor said he'd have to wait on SOFI stock.

SoFi has commanded a premium valuation for years that it didn't necessarily deserve. Book value per share is growing again.

The financial services industry has been around for hundreds of years. Legacy institutions, burdened by bureaucracy and outdated technology, often fail to meet the evolving needs of today's consumers.

The digital bank is adding services and hundreds of thousands of members. This is leading to increased scale and profit.

SoFi Technologies (SOFI) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

SoFi's technology platform is growing quickly, but what is it?

It isn't common for Wall Street to take a second look at beaten-down stocks, as analysts would risk not only their reputations but also their jobs if they dared boost ratings on a stock with bearish momentum attached to it. Today, some investors with the need for a thrill may want to look into shares of SoFi Technologies Inc. NASDAQ: SOFI, which are trading down to only 55% of their 52-week high prices.