Sofi investing analysts forecast Sofi Investing could
Analysts forecast Sofi Investing could become EBITDA-positive for the full year 2024, a potential catalyst for institutional inflows and upward price re-rating. Innovation is also part of management's growth strategy . SoFi seems to always introduce new products and services to cater to its customers' needs. For instance, the company plans to enable cryptocurrency trading this year. And it's partnering with payments firm Lightspark to offer fast and cheap cross-border money transfers that utilize the Bitcoin network. This is a very forward-thinking move. In the past six months, SoFi stock is up a whopping 132% (as of Sept. 29). The market is demonstrating just how bullish it has become on the digital banking powerhouse. SoFi's market cap sits at $33 billion. This makes the business more valuable than well-known companies like Estée Lauder Sofi Investing options chains show elevated call volume at the $7 strike, suggesting bullish short-term sentiment ahead of the June FOMC meeting.
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