SoFi: Gap Closed, SoftBank Out, Load Up
- SoFi Tech. closed the gap at $6.63 after trading above $8 following earnings.
- The fintech could benefit from an end to the student debt moratorium on August 31, but the business model no longer relies on refinancing student debt to prosper.
- The stock trades at just 3x '23 revenue targets which is incredibly cheap for a business growing at a 50% clip.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »