12 Best Growth Stocks Under $25 to Buy Now

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4. SoFi Technologies, Inc. (NASDAQ:SOFI)

Number of Hedge Fund Holders: 31

Share Price as of January 8, 2024: $14.91

SoFi Technologies, Inc. (NASDAQ:SOFI) is an emerging fintech company that ranks fourth on our list of the best growth stocks under $25 to buy now. The personal finance and financial technology company was founded in 2011 and has now grown to provide technology solutions to other financial institutions and individuals. As of today, the company has over 10 million members and has paid a whopping $73 billion in funded loans.

The company has displayed consistent performance on the financial front, explaining why 31 hedge funds were bullish on the stock at the close of Q3 2024. During the quarter, the company recorded revenue worth $697 million and net income worth $61 million. Revenue grew by 30% which was primarily driven by the 64% increase in the financial services and tech platform segments, making up 49% of the total revenue. In addition to that, SoFi Technologies, Inc. (NASDAQ:SOFI) posted a 35% increase in members, which is attributed to its investment in product innovation.

As a consequence of these results, SoFi Technologies, Inc. (NASDAQ:SOFI) raised its fiscal year 2024 guidance while also fueling investor expectations. The company is not only working to improve its financial standing but it is also committed to increasing its customer base through a wider range of product offerings.

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