SOFI - SoFi: It's A Bank Not A Technology Company But One That Can Make A Difference
2024-03-19 13:23:08 ET
Summary
- At this time, there is no reason to use a technology multiplier in the valuation.
- However, I expect SoFi to grow EPS significantly over the next few years.
- And the conservative analyst estimates could be beaten, which would make SoFi attractive even at a bank multiple.
The SOFI Investment Thesis
Now that the combination of higher interest rates and higher bank deposits has led to a strong year-over-year increase in net interest income and SoFi Technologies, Inc.'s (SOFI) first positive EBIT, I think it is a good time to take a closer look at the company....
SoFi: It's A Bank, Not A Technology Company, But One That Can Make A Difference