Reported about 1 year ago
The article discusses SoFi Technologies' potential as an investment opportunity, despite its current stock price being below $10. SoFi is an online-only bank that has shown significant growth, with revenue increasing from $78 million in Q1 2020 to $645 million in Q1 2024. The company's customer base has also grown to 8.1 million. Although historically unprofitable, SoFi is starting to show profitability, with diluted earnings per share (EPS) of $0.02 in recent quarters. The company is expected to continue growing, and investors may find it a smart buy at its current valuation.
Source: YAHOO