We recently published a list of the 13 Best High Volume Stocks to Buy Now. In this article, we are going to take a look at where SoFi Technologies, Inc. (NASDAQ:SOFI) stands against other best high volume stocks.

On May 9, BMO private wealth chief market strategist Carol Schleif joined CNBC’s ‘Squawk Box’ to discuss the latest market trends and the state of the economy. Reflecting on a market decline in April that reached a ~20% drop, Schleif noted that the market recovered and ended only 3% to 4 % down. She described investor reactions during that period as mixed: about 10% were very eager to buy, but another 10% were quite nervous, while the majority remained measured. She emphasized the important distinction between markets and the economy and noted that markets often move ahead of economic realities and quickly shift focus to new topics as part of their discounting mechanism. This is why markets serve as economic indicators and anticipate future developments.

She talked about how individual risk tolerance varies, with some younger clients adopting conservative strategies and some older clients favoring aggressive positions, especially in tech. Schleif acknowledged that tariffs are expected to rise from under 3% to ~10%, but despite this anticipation, she’s confident that markets and companies will adjust to the changes. She noted the unusual shift in US influence, which now extends beyond material control to more intangible domains, and described this shift in responsibility as significant and complex. Schleif also emphasized the value of globally diversified portfolios, which have been challenging to maintain during periods when the US market outperformed. However, she noted that such diversification, which includes fixed income and foreign equities, has provided better performance and protection year-to-date and helps investors weather volatility better than those concentrated solely in US assets.

Our Methodology

We first used stock screeners to compile a list of stocks with high average 3-month volumes. We then selected the 13 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q4 2024.

Note: All data was collected on May 12.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Story Continues

Is SoFi Technologies Inc. (NASDAQ:SOFI) the Best High Volume Stock to Buy Now?

A professional banker shaking hands with an entrepreneur in a boardroom setting.

SoFi Technologies, Inc. (NASDAQ:SOFI)

Average Volume (3-Month): 56.92 million

Number of Hedge Fund Holders: 43

SoFi Technologies, Inc. (NASDAQ:SOFI) offers various financial services through three segments: Lending, Technology Platform, and Financial Services. It offers lending & financial services and products that allow its members to borrow, save, spend, invest, and protect money. The company also offers personal loans, student loans, home loans, and related services.

On April 25, William Blair analyst Andrew Jeffrey gave the stock a Buy rating due to SoFi’s strong market position and financial performance, which is reflected in its 48% year-over-year ARPU growth. SoFi made $770.72 million in FQ1 2025 revenue, which was an improvement of ~33% year-over-year. The primary driver of this growth is the company’s Technology Platform, which is built on its Cyberbank digital banking platform.

In FQ1 2025, this segment made $103 million in net revenue, which was up 10% year-over-year. The number of accounts declined by 6% year-over-year to 158 million, but the revenue still grew by 10%, with similar growth expected in Q2. SoFi Technologies, Inc. (NASDAQ:SOFI) anticipates that new client wins in the tech platform business will have a significant impact on revenue in 2026 and beyond. The platform also serves SoFi’s internal products and processes over 8 billion annualized transactions.

Patient Capital Management expressed optimism for the company’s future and stated the following regarding SoFi Technologies, Inc. (NASDAQ:SOFI) in its Q4 2024 investor letter:

“The top performers in the fourth quarter were once again Financials and Travel names. We’ve been over-indexed to them since the pandemic, which has served us well. We strategically added to certain financial names like SoFi Technologies, Inc. (NASDAQ:SOFI) and Coinbase Global Inc. (COIN) during the year. Both companies rebounded strongly in the fourth quarter.

Overall, SOFI ranks 12th on our list of the best high volume stocks to buy now. While we acknowledge the growth potential of SOFI, our conviction lies in the belief that AI stocks hold great promise for delivering high 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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