Added to YB: 2024-02-09
Pitch date: 2024-02-08
SOFI [bullish]
SoFi Technologies, Inc.
+224.74%
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
$8.19
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
52.26
EV/Sales
N/A
Sector
Consumer Finance
Category
growth
SoFi: Optimal Entry Point
$SOFI hit 7.5M users (59.7% 3Y CAGR), turned GAAP profitable in Q4 ($48M net income vs $40M loss YoY). Soft 2024 guide likely conservative; bank charter allows NIM of 6.04%, $18-20B loan origination target. Q4 rev +45.1% YoY from holding loans for NII (63.3% of rev). Valuation complex but warrants premium P/B as scalable fintech. Credit risk & liquidity impacts key risks. Strong buy on beat potential & growth in tech/finserv.
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