Is SoFi Stock a Buy in November 2026?
The stock just jumped after earnings.
In late November 2026, SoFi Technologies (SOFI) has shown a remarkable turnaround, with its stock price rising 15% following its latest quarterly earnings report. Despite being 50% below its peak price, investors are optimistic about the company's future. SoFi's digital finance platform has become increasingly popular, adding a record 1.2 million new customers in the third quarter, bringing the total to 2.2 million.
The average number of products per customer has also improved, reaching 1.67 from 1.56 a year earlier. A significant portion of new products, 51%, came from existing customers, indicating strong customer loyalty.
The company's strategy of offering a comprehensive range of financial services has evidently paid off, as its adjusted net revenue grew by 44% year over year, and earnings per share (EPS) surged 64% to $0.18. Management has raised their earnings guidance for 2026, projecting adjusted net revenue of $6.4 billion, a 44% increase, and EPS of $0.61. They also provided a 2027 outlook, suggesting a 27% growth rate and EPS of $0.90.
While SoFi's current valuation of 18 times next year's earnings and less than 2 times book value may not be the cheapest available, it offers an attractive price for a growth stock with promising long-term prospects. The company's stock may experience some short-term volatility as it continues to expand, but over the next five years and beyond, it is poised to deliver substantial returns to shareholders.
For investors willing to commit to a multi-year holding period, now appears to be an opportune moment to invest in SoFi. For more detailed analysis and investment guidance, consider The Motley Fool's premium services.
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