Why SoFi Technologies Inc. (SOFI) Went Up On Friday
We recently published a list of . In this article, we are going to take a look at where SoFi Technologies Inc. (NASDAQ:SOFI) stands against other firms that led Friday's rally.
The stock market ended the week stronger with all its major indices closing higher as investors repositioned portfolios ahead of more corporate earnings next week while navigating an evolving global trade environment.
The tech-heavy Nasdaq surged by 1.26 percent, while the S&P 500 and Dow Jones eked out marginal gains of 0.74 percent and 0.05 percent, respectively.
Meanwhile, 10 companies mirrored the broader market sentiment, ending the trading week with modest gains. In this article, we have listed the 10 top-performing stocks and detailed the reasons behind their gains.
To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume.
A professional banker shaking hands with an entrepreneur in a boardroom setting.
SoFi Technologies Inc. (NASDAQ:SOFI)
SoFi Technologies rallied for a fourth consecutive day on Friday, adding 4.63 percent to close at $12.88 apiece after earning an upgraded rating from an investment company.
In a market note, Citizens JMP gave SOFI an Outperform rating and a price target of $17, marking a 32-percent upside from its latest closing price.
According to Citizens JMP, its outlook was based on the belief that SoFi Technologies Inc. (NASDAQ:SOFI) has the potential for robust growth, improving profitability, and undervaluation relative to its future earnings potential.
'Having achieved GAAP profitability in 2024, SoFi is at an inflection point, with substantial earnings potential that we believe the market is currently undervaluing, offering a compelling long-term investment opportunity,' the investment firm said.
SoFi Technologies Inc. (NASDAQ:SOFI) is a financial services technology firm that offers a wide range of products and services, including credit cards, loans, and insurance, among others.
Overall, SOFI ranks 10th on our list of firms that led Friday's rally. While we acknowledge the potential of SOFI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SOFI but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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