SOFI - SoFi Keeps Growing But A Big Question Mark Remains
2024-01-29 09:30:53 ET
Summary
- SoFi Technologies, Inc. reported strong Q4 results, surpassing revenue estimates and achieving 14th consecutive quarter of EBITDA growth.
- New member growth persists.
- SoFi experienced growth in loans, deposits, and technology platform-enabled accounts.
- The company is breaking even, but can the growth keep going?
- Where we would add more SoFi Technologies, Inc. shares.
We have been holding a house position in SoFi Technologies, Inc. (SOFI) stock after having a high conviction call to buy when shares fell under $5.00, and backing out the initial investment after a near double. We have traded the name several other times at our investing group as well. We believe the company is still early on its long-term public journey, and yet the growth continues, and market share gains are strong....
SoFi Keeps Growing, But A Big Question Mark Remains