SOFI's valuation is about right between $7 to $10
Some segments expected to grow 50% in 2024. the fact that $SoFi Technologies Inc.(SOFI)$
We've consistently talked about an amazing buying opportunity when SOFI approaches $7 and being less bullish when it hits about $10. They've played that range multiple times....
The thing that matters is, is this profitability improvement enough to break this trading range. I think fundamentals are obviously improving. [The question is] is the overall climate enough where they can break through, and despite US GDP likely in for a contraction in 2024.
SOFI's guidance is probably at the low end of where they'll deliver and there's probably room for upside. On SOFI's valuation, it's about right between $7 to $10.
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