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SoFi Technologies: Strong Prospects Ignored

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  • SoFi continues to defy the stock market by reporting 50% revenue growth.
  • The fintech is building a flexible financial platform with the capacity to switch growth drivers with the demand in the market.
  • The stock is too cheap at less than 3x '23 sales targets.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
The current tough economic period isn't slowing down strong companies and SoFi Technologies (NASDAQ:SOFI) falls right into that category. The fintech reported another strong quarter with robust growth and a solid addition of new members. The investment thesis remains ultra Bullish after the former SPAC continues to thrive despite economic and political headwinds.

Read the full article on Seeking Alpha. 

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

Update - August 3

SoFi is still cheap, even after a nearly 30% gain on the day. The chart doesn't show much resistance until maybe above $10. 

Finviz Chart

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