Reported 23 days ago
SoFi Technologies (NASDAQ: SOFI) experienced a drop in stock prices following a strong third-quarter report, which showcased a 30% revenue increase to $697.1 million and a 90% rise in adjusted EBITDA. Despite the company's improved credit quality and optimistic forecasts for future revenue growth, the stock remains expensive by traditional metrics. Investors are left questioning if now is the time to buy the dip, as the market's reactions reflect lingering concerns about credit quality and economic stability.
Source: YAHOO