Jim Cramer’s Game Plan: Top 14 Stocks to Watch

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

Number of Hedge Fund Holders: 31

Discussing SoFi Technologies, Inc. (NASDAQ:SOFI) during Mad Money’s episode, Cramer said:

“… we hear from fan-favorite SoFi on Monday morning. Now, I’ve been championing this fintech company and CEO Anthony Noto for ages, but it was one of the most heavily shorted stocks out there and they’ve been keeping it down for no reason. I expect good numbers and the shorts are going to continue to be routed.”

SoFi (NASDAQ:SOFI) offers a variety of services, such as lending, banking, insurance, and investment options, all available through a unified online platform. The company reported strong financial results for Q4 2024, with net revenue reaching $734 million and net income of $332 million, which showed solid growth and robust returns. The company saw a significant 24% increase in adjusted net revenue, driven by a combined 52% growth in its Financial Services and Tech Platform segments. These segments now account for 49% of SoFi’s total adjusted net revenue.

SoFi’s (NASDAQ:SOFI) performance in 2024 was also marked by a 34% increase in its member base and a 32% rise in the number of products offered, both of which were driving contributors to its growth. The company achieved a record fee-based revenue of $289 million, which grew by 63%, further emphasizing the strength of SoFi’s shift toward higher return on equity revenue streams. Anthony Noto, CEO of SoFi Technologies stated, “2024 was SoFi’s best year ever.”

While we acknowledge the potential of SoFi Technologies, Inc. (NASDAQ: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 timeframe. 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 the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

Disclosure: None. This article was originally published at Insider Monkey.

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