SoFi Technologies (NASDAQ: SOFI) has seen a notable decline in its stock price, despite achieving robust growth and recording its third consecutive quarterly profit. The 20% drop in 2024 is attributed to market concerns about slowing loan growth. However, the company’s diverse financial services platform, which appeals to students and young professionals, continues to thrive, with membership up 41% to nearly 8.8 million and adjusted net revenue growing by 20%. SoFi’s strategy includes expanding its tech platform and non-lending services, enhancing member engagement and buffering against lending pressures. Positive earnings forecasts suggest potential for long-term growth, presenting a buying opportunity for investors.