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SoFi Technologies - Can this online bank become the next big thing?

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JP_mykayaplus wrote a column · Jun 14, 2023 09:26
SoFi Technologies - Can this online bank become the next big thing?
I always get recommendations of companies to study and write about when I check Moomoo's heat list.
And one that I recently stumble upon is $SoFi Technologies (SOFI.US)$.
Gotta admit have never heard about the company.
So what are the key points that investors should be aware of before putting money into SoFi stock?
1. Online bank & personal finance company
SoFi is a personal finance company and online bank.
Their list of financial products includes student loans, auto loans, refinancing, mortgages, personal loans, credit cards, investing, and banking through mobile apps and Internet banking.
2. It has fast-growing members
SoFi Technologies - Can this online bank become the next big thing?
Banking is a sticky ecosystem. And SoFi seems to be growing the right way with its growth of members over successive quarters.
3. Company has sights on growing its EBITDA margin
SoFi Technologies - Can this online bank become the next big thing?
For 2023 guidance, SoFi is targetting an adjusted new revenue in between USD 1.96 billion to USD 2.02 billion.
The adjusted EBITDA will be around the range of USD 268 million - USD 288 million, with an EBITDA margin of 14%.
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The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
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