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SoFi: Irrational Hit Again

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Update - May 9

The dip in SoFi following Q1 earnings was insane. The stock has shown a nice bounce back to $5.50 already. SoFi should trade back to yearly highs with blowout growth and profits. 

Finviz Chart


Original article posted on May 1

  • SoFi Technologies, Inc. dipped again following strong Q1 quarterly results.
  • The fintech reported another quarter with strong adjusted EBITDA profits of $76 million, which equate very close to adjusted profits.
  • SoFi Technologies, Inc. stock is now very cheap, trading at only 10x '24 adjusted EBITDA targets.
  • This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More » 
The market doesn't like companies reporting losses right now, and SoFi Technologies, Inc. (NASDAQ:SOFI) is probably making a mistake pointing to a GAAP profit goal. The fintech continues to blow away financial targets while outgrowing most

Read the full article on Seeking Alpha. 

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

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