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SoFi: Another Gift

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  • SoFi Technologies continues to report strong growth but trades at a low valuation, disconnected from its results.
  • The company hiked adjusted EBITDA guidance for 2023 by 16%, yet SoFi now trades lower.
  • The stock trades at only 11x '24 adjusted EBITDA targets, which are equivalent to adjusted profits.
  • Looking for a portfolio of ideas like this one? Members of Out Fox The Street get exclusive access to our subscriber-only portfolios. Learn More »
Despite persistently strong growth, SoFi Technologies (NASDAQ:SOFI) still trades closer to the lows after going public via a SPAC at $10. The digital bank continues to report impressive growth disconnected from the stock movement where every quarterly beat is sold off. My investment thesis remains ultra Bullish on the secular growth story trading at a massive discount.

Read the full article on Seeking Alpha. 

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

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