SOFI - SoFi Q4 Earnings: I've Turned Bullish (Rating Upgrade)
2024-01-29 11:21:42 ET
Summary
- SoFi Technologies, Inc.'s recent impressive Q4 results challenge previous concerns and make it difficult to remain bearish on the stock.
- The company's strong customer adoption curve and high demand for its platform indicate promising near-term prospects.
- SoFi's guidance of a potential 25% CAGR for 2024 and the prospect of achieving $0.80 of clean GAAP EPS by 2026 add further allure to the stock's potential.
Investment Thesis
The highly contentious SoFi Technologies, Inc. ( SOFI ) reported results that I have to admit blew me away. It's difficult to remain bearish on SOFI on the back of these results. All the issues that bearish investors, myself included, may have had with SOFI stock have been proven unfounded....
SoFi Q4 Earnings: I've Turned Bullish (Rating Upgrade)