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SOFI - SoFi: The Profit Party Is Just Getting Started
SoFi Technologies Inc.
2024-01-30 08:00:00 ET
Summary
On the back of reporting its first-ever quarterly GAAP profit, SoFi stock popped more than 20% in yesterday's session.
In this note, we shall break down SoFi's Q4 2023 report, near-to-medium-term guidance, and re-evaluate its fair value and expected CAGR returns.
Given the attractive long-term risk/reward on offer, I continue to rate SoFi stock a "Strong Buy" at $9.16 per share.
Introduction
After delivering its first-ever quarterly GAAP profit, SoFi Technologies, Inc. (SOFI) stock jumped up by more than 20% in a classic SOFI-style post-earnings pop:
