SoFi Technologies, Inc. SOFI

SoFi Technologies is on a notable growth trajectory, with its stock rising 78% this year and revenues surging 38% year-over-year to $950 million. The fintech firm is diversifying its offerings, maintaining a strong membership base exceeding 12.6 million and achieving a net income of $139 million in Q3. Despite significant gains, recent developments have seen Ark Invest reduce its stake in SoFi, and the company faces legal scrutiny, including a class action lawsuit, which has led to some skepticism about its future. Nevertheless, SoFi continues to innovate and expand, recently surpassing $1 billion in quarterly revenue, alongside launching a new leveraged ETF and reintroducing crypto trading, aiming for ambitious growth targets in the evolving financial landscape.