Is SoFi Stock a Buy Ahead of Earnings? Morgan Stanley Weighs In

2021 is already firmly in the past, but on Wall Street, the year won’t be truly over until companies report 4Q21’s financials. That said, when $SoFi Technologies(SOFI.US)$ steps up to the earnings plate next month, Morgan Stanley’s Betsy Graseck believes all eyes will be on the outlook for 2022.

After showing ~60% top-line growth in 2021, Graseck believes the bears are “skeptical of strong revenue growth continuing, looking for a sharper slowdown in 2022.”

Graseck is no $SoFi Technologies(SOFI.US)$ bear, but also anticipates growth will slow down, expecting around 40% growth in 2022e, with adjusted 2022e revenues hitting ~$1.42 billion. The analyst sees 2022e EBITDA reaching $164 million as EBITDA margins expand to 11.5% from 3.0% in 2021e.