Professional
Added to YB: 2024-01-11
Pitch date: 2024-01-11
SOFI [bearish]
SoFi Technologies, Inc.
-233.9%
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
$34.2B
Pitch Price
$8.17
Price Target
4.00 (-85%)
Dividend
N/A
EV/EBITDA
N/A
P/E
52.26
EV/Sales
N/A
Sector
Consumer Finance
Category
N/A
Show full summary:
[SHORT] $SOFI: Sell rating with $4 price target
$SOFI: Sell w/ $4 PT. Growth slowdown in '24 + FV acctg issues as capital gets tight. Adj rev cut to $2.3B. CET1 to 12.2% in Q4 '24, < 12.5% min. ROTCE only 1.2%/4.4% in '24/'25. 105% loan sale lacks key details. Credit worsening fast, NCOs may top 4.6%. 95% of consumer loans at FV, 25% of CET1 from FV gains.
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