SoFi: Breakout Imminent, Its Reversal Is Near [Seeking Alpha]
SoFi Technologies, Inc. (SOFI)
Company Research
Source: Seeking Alpha
Follow Summary SOFI has generated robust dual growth as an online bank and fintech, as observed in the double beat FQ2'24 performance and raised FY2024 guidance. Much of the tailwinds are attributed to the management's growing Financial Services/ Technology Platform segments, with it "on track to finish 2024 with a revenue mix near 50:50." These developments highlight SOFI's ability to generate growth as a well-diversified fintech platform, with the growing cross selling resulting in the much improved productivity loop. These point to the stock's extremely cheap FWD P/E of 89.88x and PEG ratio of 0.0007x compared to sector peers, with it offering investors with a compelling growth investment thesis. Even so, we shall discuss risks to our Buy rating, with the normalization in macroeconomics likely posing headwinds to its growth opportunities and bottom-lines. Mihaela Rosu SOFI Investment Thesis Remains Dirt Cheap At Current Levels We previously covered SoFi Technolog
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SOFI
News
- SoFi Technologies: Poised To Thrive From The Fed's Pivot [Seeking Alpha]Seeking Alpha
- 3 No-Brainer Fintech Stocks to Buy Right Now for Less Than $200 [Yahoo! Finance]Yahoo! Finance
- SoFi Technologies, Inc. (SOFI) Stock Sinks As Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Galileo Launches Instant Account Verification and Machine Learning Risk Score to Secure Financial Transactions Amid Escalating Cyber ThreatsBusiness Wire
- Rate Cuts Are Coming: 1 No-Brainer Cathie Wood Fintech Stock to Buy Hand Over Fist Right Now for Just $7 [Yahoo! Finance]Yahoo! Finance
SOFI
Earnings
- 7/30/24 - In-Line
SOFI
Sec Filings
- 9/11/24 - Form 4
- 8/26/24 - Form 4
- 8/22/24 - Form 144
- SOFI's page on the SEC website