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.
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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.

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