SOFI - SoFi Technologies: Buy To Profit From The Short-Sellers
2024-03-28 08:30:00 ET
Summary
- SoFi Technologies delivered a solid Q4 earnings release while securing GAAP net income profitability in Q4.
- The Company's tech segment is expected to be a key revenue driver even as personal lending revenue growth normalizes.
- SOFI has faced a surge in bearish sentiments as short sellers loaded up, betting on it under-delivering moving ahead.
- I argue why SoFi Technologies is primed for a bottom as bearish sentiments potentially peak.
- A recovery toward the $10.5 level (December highs) could unveil a potentially rewarding 45% upside. Maintain a Strong Buy on SOFI stock.
I urged SoFi Technologies, Inc. ( SOFI ) investors to capitalize on SOFI's pre-earnings pessimism in January 2024, which worked out initially. Accordingly, the digital finance company delivered a solid fourth-quarter earnings release, as SoFi reported GAAP net income profitability for a full quarter. SoFi also delivered robust growth across all three business segments, particularly in financial services....
SoFi Technologies: Buy To Profit From The Short-Sellers