SoFi: Supreme Court Bump
SoFi will benefit from a positive ruling by the Supreme Court against the student debt forgiveness plan. The bank sector came under undue pressure this week due to the sudden collapse of SVB. SOFI stock only trades at ~10x 2024 adjusted EBITDA targets. Anyone following our research over the last few months knows that SoFi Technologies ( NASDAQ: SOFI ) doesn't need a change in the Biden Administrations stance on student debt forgiveness to reward shareholders. The good news for shareholders is that the Supreme Court appears set to block the debt forgiveness plan by June. My investment thesis remains ultra Bullish on the stock after the dip back below $6 following contagion fears due to the SVB Financial Group ( SIVB ) collapse. Read the full article on Seeking Alpha. Disclosure: No position mentioned. Please review the disclaimer page for more details.