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SoFi: Another Irrational Beatdown

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  • SoFi Technologies, Inc. has consistently collapsed following strong earnings reports, leaving the stock trading below the $10 SPAC deal price.
  • The digital bank's expansion into the mortgage loan market could be a major.
  • The stock only trades at 14.5x '24 adjusted EBITDA targets despite growth of nearly 60% doesn't add up.
  • Out Fox The Street members get exclusive access to our real-world portfolios. See all of our investments here » 
In a now consistent pattern, SoFi Technologies, Inc. (NASDAQ:SOFI) has collapsed following another strong earnings report. The digital bank platform has now reported a very consistent and strong history of growing following the SPAC deal back in late 2020, but the stock actually trades below the $10 deal price. My investment thesis remains ultra Bullish on the stock on another dip to $8.

Read the full article on Seeking Alpha. 

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

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