SOFI - SoFi Q4: Proving All The Naysayers Wrong

2024-02-02 02:29:55 ET

Summary

• SoFi's Q4 earnings report showed significant revenue and member growth momentum.
• The firm achieved GAAP profitability for the first time ever and expects $100M in GAAP earnings in FY 2024.
• SoFi's growth is driven by its Financial Services product category, and it plans to prioritize growth in this area this year.
• The student loan origination business also showed a lot of recovering strength due to the resumption of student loan payments in Q4'23.
• Shares could revalue up to $15, in my opinion.

Shares of SoFi ( SOFI ) soared more than 20% after the digital personal finance company submitted its earnings sheet for the fourth-quarter on Monday that showed both a significant EPS and top line beat. SoFi surrender 15 percentage points of the upsurge on Tuesday and Wednesday, however....

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