Added to YB: 2026-08-17
Pitch date: 2026-08-13
SOFI [neutral]
SoFi Technologies, Inc.
-0.92%
current return
Author Info
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Company Info
SoFi Technologies, Inc. provides various financial services in the United States, Latin America, Canada, and Hong Kong.
Market Cap
$23.6B
Pitch Price
$18.46
Price Target
61.00 (+231%)
Dividend
N/A
EV/EBITDA
N/A
P/E
38.52
EV/Sales
N/A
Sector
Consumer Finance
Category
growth
SoFi Just Beat on 40% Revenue. I'm Considering Trimming
SOFI (holding update): Digital bank (Nubank of US), 11 straight profitable quarters. Q2'26 rev $1.2B (+40% YoY), net income $156.6M. 15.8M members, deposits $45.5B. Fwd P/E 22.7x (vs 48x Jan), PEG 0.57, but 2.5x TBV on just 7.1% ROTCE (target 20-30%). Base fair value ~$18-20 post-dilution (12%/yr return), bull $36/27%/yr. Author's 2nd-largest position, considering trimming: 60% fintech concentration risk, revenue mix shifting to lender multiple, unsecured book untested in recession, 32% dilution in 2.5yrs. Edge: only fintech that can sell loans/offload credit risk. CEO Noto buying.
Read full article (19 min)