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SOFI - SoFi Technologies: Share Price And Fundamentals Moving In Opposite Directions
SoFi Technologies Inc.
2024-06-11 08:34:12 ET
Summary
While the stock price experienced a 4.5% decline since my previous analysis, the underlying fundamentals are moving in the opposite direction.
SoFi's robust user base expansion and strategic partnerships are key drivers of its revenue growth, while maintaining exceptionally high levels of customer satisfaction.
Valuation is more than three times lower than that of Revolut, a British private fintech company of comparable scale, despite the fact that Revolut lacks banking license in the U.S.
The peer analysis of valuation ratios also suggests undervaluation.