SOFI — what’s the consensus?
I’m extremely bullish on SOFI.
They’re in their 10th profitable quarter, their stablecoins are the only ones backed by a national chartered bank, their rule of 40 is 72 which most banks are nowhere near, and most fintechs with this growth rate don’t have 31% in margins, nonetheless that are still expanding!!
Their default risk is lower than traditional banks, highest quality clientele, continues to beat earnings and integrate new product lines, Anthony Noto has a great track record and I trust him, the fintech has also survived through COVID-19.
Why are people still overlooking this stock? What are they waiting for? A drop in interest rates? They just had a 41% yoy growth!!