Out Fox The $treet

 Update - Oct. 14, 2024 SoFi is approaching $10 on news of a loan agreement with Fortress. The stock is still cheap despite almost doubling in the last few months. The fintech traded at $10 during 2023 and has grown substantially during this period.  -SoFi Technologies (NASDAQ:SOFI) stock jumped 6.6% in Monday premarket trading after the digital bank announced a $2B loan platform agreement for personal loans with funds managed by affiliates of Fortress Investment Group. -The pact will expand SoFi's capabilities in its loan platform business, where the company refers prequalified borrowers to loan origination partners as well as originates loans on behalf of third parties. Original article posted on Sept. 25  SoFi Technologies, Inc. has experienced significant revenue growth since going public, yet its stock remains undervalued, presenting a strong buying opportunity for investors. CEO Anthony Noto predicts increased loan demand due to Fed interest rate cuts, further boost...

SoFi continues to refute all claims the digital bank has a loan accounting issue. The student debt moratorium is set to expire within months leading to another loan growth catalyst. The stock trades at close to just 10x '24 adjusted EBITDA targets. Despite  SoFi Technologies  ( NASDAQ: SOFI ) CEO making the rounds with the media and investment conferences, the market still appears to misunderstand the investment story. The fintech clearly doesn't face an issue with how the company handles  the accounting on their loan originations, yet the market constantly pushes this false narrative causing the stock to trade $5. My  investment thesis  remains ultra Bullish as the digital bank isn't valued based on the growth of the business and the strong adjusted profits. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details. 

Update - May 1, 2023 SoFi reported a great quarter. The market is extrapolating too much on full year guidance. The fintech beat Q1'23 EBITDA targets by over $30 million. An investor shouldn't sell just b/c the company provided conservative guidance for the full-year by just hiking guidance for 2023 by $8 million.  SoFi Technologies ( NASDAQ: SOFI ) stock  dropped 9.1%  in Monday midday trading after the fintech bank issued full-year guidance indicating some metrics could trail Wall Street expectations. The company, known for refinancing student loans, now expects  2023 adjusted net revenue of $1.955B-$2.02B  vs. $1.97B consensus  and up from its prior range of $1.925B-$2.0B. That indicates that at its worst, SOFI's annual revenue could still fall below the average analyst estimate. The company also increased its outlook for adjusted EBITDA to $268M-$288M, up from its prior guidance of $260M-$280M, and bracketing the Visible Alpha consen...