Added to YB: 2024-04-19
Pitch date: 2024-04-18
SOFI [bullish]
SoFi Technologies, Inc.
+285.31%
current return
Author Info
Steve Wagner provides in-depth analysis of my favorite individual companies. Sign up for the newsletter.
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
$7.08
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
52.26
EV/Sales
N/A
Sector
Consumer Finance
Category
growth
My Current Outlook on SoFi Technologies
SOFI: Disrupting finance, stock +64% YTD but still 71% below peak. 7M customers vs JPM's 80M = huge growth potential. Tech-first strategy drives engagement: 4.6% savings rate attracts users who then take mortgages, etc. First GAAP profit last Q, rapid bottom line growth ahead. P/S of 3.4 below historical avg. Risks: loan performance in recession, competition. Bullish LT with innovation.
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