SoFi Technologies: High-Quality Catalysts Driving Growth

Summary

• SoFi's share price has more than doubled due to solid performance, promising partnerships, and favorable monetary environment.
• The Q3 2024 earnings report shows a 30% YoY revenue increase and a significant turnaround to $61 million net income, highlighting operational efficiency.
• SoFi's valuation appears attractive compared to peers like Revolut, with a forward P/E ratio poised to shrink rapidly due to aggressive EPS growth.
• Despite Wall Street's cautious stance and potential technical pullback, SoFi stock remains a 'Strong buy' for long-term investors due to robust fundamentals.