SoFi's Transaction Revenue Skyrockets: Analyst Foresees Major Growth, Higher Valuation
SoFi's Transaction Revenue Skyrockets: Analyst Foresees Major Growth, Higher Valuation
Needham analyst Kyle Peterson reiterated SoFi Technologies, Inc (NASDAQ:SOFI) with a Buy rating and a $10 price target.
Needham的分析师Kyle Peterson重申以$10的目标价和买入评级推荐SoFi Technologies, Inc (纳斯达克股票代码:SOFI)。
Peterson is impressed by SoFi's interchange revenue growth and noted it as a sign of strong user engagement in its core customer base.
Peterson对SoFi的交换机营收增长印象深刻,并将其作为其核心客户基础强力用户参与的标志。
While interchange is a small piece of the overall business, the analyst expects it to remain one of SoFi's fastest-growing products. Given its lower capital intensity and lack of credit risk relative to lending, the business should be valued like a payments asset, as per Peterson.
虽然交换仅是整体业务的一小部分,但该分析师预期它将继续是SoFi增长最快的产品之一。鉴于相对于信贷业务而言,它的资本密集度较低且缺乏信贷风险,因此该业务应被视为支付资产来进行估值,正如Peterson所指。
The analyst expects interchange to garner attention as it grows and becomes one of SoFi's more significant fee income streams.
分析师预计随着其发展并成为SoFi更重要的收费收入之一,交换将引起关注。
Peterson noted that SoFi's tech products and solutions segment is underappreciated by the market and views it as adding incremental growth vectors while also allowing SoFi to diversify into adjacent products and international markets without taking on additional credit risk or committing balance sheet capital to fund these efforts.
Peterson指出,市场低估了SoFi的技术产品和解决方案业务,并认为这些业务可以增加增量增长向量,同时允许SoFi在毫不承担额外信贷风险或贡献资产负债表资本的情况下,将其财务业务多元化到相邻产品和国际市场。
The analyst noted this segment as a key to expanding SoFi's overall valuation as this segment has a software revenue model, which will garner a higher multiple relative to the core lending business.
分析师指出,这一业务是扩大SoFi总估值的关键,因为这一业务有一个软件营收模型,相对于核心信贷业务,将获得更高的倍数。
Given the healthy growth runway, Peterson's updated model assumes higher expenses, especially in tech and product development.
考虑到良好的成长前景,Peterson更新的模型假设高额支出,特别是在技术和产品开发方面。
Peterson projected that the second quarter's adjusted revenue and EPS would be $561.4 million and $0.00.
Peterson预计第二季度调整后的营收和每股收益将分别为561.4百万美元和0.00美元。
Price Action: SOFI shares are trading higher by 0.07% to $6.44 at last check Tuesday.
股价走势:截至周二最后交易时段,SOFI股价上涨0.07%,报6.44美元。
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Photo: Shutterstock
Photo: shutterstock