SharonWon
2022-11-06
$SoFi Technologies Inc.(SOFI)$Personal finance company SoFi submitted an impressive Q3'22 earnings on Wednesday, but shares unfortunately dropped about 11% as the market sold off. The fintech made massive progress regarding the growth of its ecosystem and the resumption of student loan payments nextyear could be a big catalyst for SoFi's EBITDA growth. Due to strong momentum regarding customer acquisition and lending and financial services product growth, the outlook for the SoFi platform and the stock is bright. Despite good earnings, shares have skidded due the Federal Reserve raising interest rates yet again. I believe shares of SoFi have an attractive risk/reward trade-off and are most likely undervalued!
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