SoFi: Cheaper Than You Think
Update - Feb. 2
SoFi is probably due for a pause here near $8 after the strong 2023 guidance propelled the stock higher. The short attack actually had investors selling in the $4s while CEO Noto was buying. The fintech still has more upside after a congestion period.
Original article posed on Jan. 30
- SoFi reported another strong quarter with revenue growth surging to 58%.
- The fintech guided to another strong year with adjusted EBITDA nearly doubling to $270 million in '23.
- The stock is cheap at only 23x '23 adjusted EBITDA targets despite much faster growth rates.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »