SoFi: Buy The Panic

 

  • SoFi falls over 10% following the surprise early release of Q1'22 numbers.
  • The fintech smashed Q1'22 targets and guided up for the year.
  • The stock only trades at 2x '23 sales targets despite a path to 40% growth because the market latches onto small negatives.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street.  Learn More »
A confluence of events has SoFi Technologies (NASDAQ:SOFI) plunging to new lows despite the company boosting 2022 financial targets on the early release of Q1'22 earnings. The fintech has faced a frustrating year with the Biden admin. extending the federal student loan payment moratorium multiple times causing a disruption to their business. My investment thesis remains ultra-Bullish on the stock after dipping again despite forecasting a very strong year ahead.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 



Update - May 12

SoFi continues bounce from the beat down following the early release of what were strong Q1'22 results. The stock hit $12 as recently as early March showing the substantial upside potential below $6. 

Finviz Chart

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