Mizuho says the Q2 report from SoFi Technologies (SOFI) brought “positives across the board.” The company’s revenue growth rose to 44% versus 33% in Q1 and EBITDA margins expanded 600 points year-over-year, the analyst tells investors in a research note. In addition, SoFi’s charge-offs continued to decline and its guidance was increased across every metric, which are “big positives,” adds Mizuho. The stock in morning trading is up 16% to $24.29.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOFI:
- Jefferies says SoFi ‘momentum persists’ after beat and raise report
- William Blair says buy SoFi shares despite premarket rally
- SoFi Technologies: Positioned for Growth with Innovative Digital Banking Solutions and Strong Financial Health
- SoFI Earnings: SOFI Stock Pops on Record Q2 Revenue
- SoFi Technologies raises FY25 GAAP EPS view to 31c from 27c-28c, consensus 28c