SOFI

decentralifeation

Buying $SOFI 🤑

carzzn

Really good setup. Im 28 with the same port expect add FICO / NVDA and replace SOFI w/ HOOD. Godspeed lil bro you are in for a solid run.

FLYboy_olympUS

SOFI all the way, thank yourself later after 10 years

HeftyBox3580

NBA finals have a digital SOFI logo on the court. Wonder who sees HOOD or other targeted ads

Bazakka

Turned $175,000 into currently $636,000 in two years of serious trading. That includes withdrawing $5000 a month for living expenses. I’m retired. I study and have been lucky enough to pick the right stocks. I’ve had losers, but have made huge money on others. Hit big on SOFI, QBTS, SOUN, JOBY, ARCH, and currently huge money on GLW and doing really well on NOK.

collegefootballfan69

I like CRCL vs SOFI

UsefulStooge

SoFi is a bank, it is not a tech company, and certainly not Palantir.  As a former $SOFI bagholder, it is still somewhere between fairly priced and overpriced. Their deposit growth is impressive but P/E is over 2x that of top banks so it is priced for perfection and rapid growth. Also that 41% rev growth you mentioned comes largely from a ton of new shitty personal loans and student loans, AKA the first things to default in a downturn. It is basically a subprime regional bank with high marketing costs. Also they dilute frequently. I’ve learned my lesson and will stay away for now. 

Putrid-Log3979

I could be wrong, but consumers are generally more likely to borrow when interest rates are low or falling. Inflation has ticked up (3.8% YoY in April), and markets currently favor the Fed holding rates steady through year-end. That said, SOFI is down sharply from its ~$32–33 ATH to the mid-$15s, which looks compelling, especially with the CEO actively buying shares. The key question remains: is it still early to enter now?

vinkulafu

Was going to wheel SOFI but I’m down $6/share and don’t want to take a loss. But a CC at $26 is like .02 sometimes. I’ll wait a bit before doing CCs.

crazy_akes

Exactly. I hate SOFI. For digital if I want exposure I go ally. At least Ally shifted into high grade auto loans and dealer networks do their work, they use their digital bank as a base to lend for free capital. What does sofi do that makes them special? No moat.  I have an ally auto loan. I can’t even make principal only payments, they don’t allow it. That’s bullish. Heavy ads in women’s sports where it’s cheap and women have been growing in the world economy from a participation and wage standpoint, bullish. Yes I know auto lending is cyclical, but we’re heading towards 84 and 96 month auto loans and I love that they ditched mortgages and credit cards. All in on what you’re good at. Sofi had a moment and it’s over, they need a niche with a moat. Any digital bank that does the same crap as every other digital bank shares the same advantage, lack of exposure to commercial properties. That’s nice but there’s 100 of those companies.  You belong in value investing if you’re going no most fintech and there’s no chads there just brads .

Mother_Strain_2554

Second SOFI related post in as many days. Does anyone else smell fishy? I had seen an increased frequency of sofi related videos too on YouTube. Feels like there is a conspiracy to target retail investors. At the same time the shares shorted at pretty high at 14%

UsefulStooge

SoFi is a bank, it is not a tech company, and certainly not Palantir.  As a former $SOFI bagholder, it is still overpriced. Their deposit growth is impressive but P/E is double that of top banks so it is priced for perfection. Also that 41% rev growth you mentioned comes largely from a ton of new shitty personal loans and student loans, AKA the first things to default in a downturn. It is basically a subprime bank with high marketing costs. 

nasdaqslut

PLTR isn’t valuable because of its books, it’s valuable because of its data and potential data. Tf does SOFI do that can even begin to compare to that

cubej333

I have a friend who lost so much on SOFI

DebtOk4461

These SOFI bags are heavy.

Isolated_Blackbird

Does the SOFI founder have a close personal relationship with the next vice president of the United States with a goal of surveilling US citizens? If so, calls it is.

Ledzeppelinbass

SOFI won’t reach $30 in any amount of time to be worth it.

winterrules91

I think the fact that SOFI is vertically integrating into an all-in-one banking platform and has diversity of product makes it more interesting in the long term, personally. More room to grow because I don't think it's priced in yet. HOOD I can't speak to with certainty, but I feel it's matured for what it is / will be. I'm not aware of plans to vertically integrate further.

GhostReddit

What's the appeal of SOFI? They're a commercial bank without an investment arm, that's where the money is.

revanevan7

If SOFI why not HOOD too?

roguefiftyone

Made money on NOW. SOFI killed me which means it’ll moon. Anyway, calls

Prize_Equivalent269

Buying another 2k shares this week and letting my position ride, goal is to get to 30k shares (14.5 avg currently). I strongly feel like SOFI at this price point is an asymmetric bet, similar to PLTR price levels and being a retail pick 4 years ago.

md28usmc

SOFI pisses me off, I had many shares of it and held them for quite a while and never made much money. I sold them and bought into other stocks and made a ton in about a quarter of the time I still kick myself for holding onto them for so long

winterrules91

SOFI and ANET for sure. I'd add META. MSFT is an incredibly annoying stock right now but there's no denying it's a worthy investment, especially at current levels.

cbusoh66

SOFI is a bank, gets banks' PE RKLB is a $20-$30 stock, it has no business being an $80 billion company.

Jealous_Jackfruit_28

RDDT, NOW, SOFI, VEEVA. My buys this month.

JustColossus

Jmo, I’ve sat on the sidelines watching SOFI narratives fly around and my own take would be to buy calls that expire sometime in September/buy shares just before September. The longer you can wait until Sep gets closer, the better. The past 2 year track record has shown that SOFI goes up when football season starts and down when it ends.. So then sell all your SOFI interest as football season is winding down (Jan/Feb). I personally only see that stock as the product of hype and the fact that most people’s exposure to Sofi is as the sponsor on the biggest stadium in the NFL. Now, the WC hosting many important matches this summer might disrupt this theory.. so be careful

Old-Zebra-5266

What do you forecast for SOFI? Thinking of adding

uselesknowledgeadict

I stand by ANET and SOFI

jsands7

I mean, honestly your analogy isn’t really fair though. The shares were mathematically priced incorrectly, and the company explained that in their earnings call. A casino saying betting on black is undervalued would be a lie: SOFI had a fiduciary duty to tell the truth

bowtothehypnotoad

can speak to the UI thing. i shopped around a lot when i started and have accounts all over the place SOFI has the best UI by far (except robinhood but that’s more a gambling an options app) and is rapidly becoming my go to banking app. for context i’m 30, if I were signing up fresh as an 18 year old i would almost certainly choose sofi over the old dinosaurs

Slimisnothere

SOFI is down due to recent secondary

DrSeuss1020

Lots over the years, OPEN and ASTS where the biggest gainers. HOOD and SOFI also made be a bunch

FearlessFig2624

Come on…..if stocks went up every time there were good earning or good news we would be zillionaires. Think if SOFI who beats and raised consistently actually went up. Retail would be killing it but it is a game.

DrSeuss1020

ASTS was a big part, OPEN also was huge, I made great gains on SOFI, HOOD, and a number of others over the years. It’s all risky, best of luck to you

DrSeuss1020

HIVE has been on a tear, just don’t know enough about them. I actually owned SOFI for a while from the $8s and sold out in the $20s after it started cooling off. Still believe SOFI is a great company and will do well, just had higher conviction in others and was happy with the long term gains I got from them to move the money elsewhere

TacosNtulips

SOFI

GeorgeTMorgan

Have any thoughts on HIVE and SOFI? Both kinda beat up and underappreciated, but with good balance sheets and good potential. Curious to hear your take since this seems to fit your style.

SkepticalInvestor21

I've been tracking SOFI for a while - it's definitely getting the meme stock treatment lately, but there's actually substance behind some of the hype. Unlike a lot of WSB darlings, SOFI is a real fintech company with actual revenue growth and they're profitable now. The $50 price target crowd is probably getting carried away, but the core thesis isn't terrible - they're expanding beyond student loans into banking/investing and have solid user growth. The real question is whether current prices already bake in that growth. If you want to dig deeper, you can run it through a due diligence scan to see the full financial picture and any red flags. But this isn't some pump-and-dump - just classic WSB enthusiasm meeting a legitimate (if maybe overvalued) growth stock.

curveball21

I am so thinking about this with my ONDS investment. Maybe SOFI too. Everything else I've tried has been smelling like a rose in this latest melt-up. These ain't taking the elevator up, but might get on for the ride down.

One-Economics-9269

Held 7000 shares of PLTR from $21 to $100 and sold. Feeling like my soul was ripped out of my chest. Profit is profit…not making the same mistake with SOFI

False-Community8534

SOFI is a bank. There’s nothing they do that other banks can’t add to their existing profile.

Dongkey_kong

My IRA is full port AMD. I had AMD when it was $70 but sold for HOOD and SOFI and that was working until it wasn’t lol

jsands7

Saw Sofi at $8. TOOK OUT A $20,000 LOAN THROUGH SOFI. Bought the stock and sold at ~$15 lol. Free money hack?

bladzalot

Absolutely!!! I have been wheeling SOFI for a while and it gets called away every once in a while but I just buy right back in over and over lol… SOFI and Ford are my favorite wheeling stocks.

arcanesays

Fellow tard here, I am in big on $SOFI. I hope whatever research and prediction you said comes true. I just kinda went with my gut on this one. 🤞🏻

NoMathematician1115

It's a shit stock. You are buying 4x SOFI

LostinTheSauce805

SOFI you suck hairy balls

FoggyFoggyFoggy

When SOFI diluted, the stock went down 50% and hasn't recovered since January.

Longjumping-Speed511

Say that to my NBIS, NVDA, PLTR, SOFI, ASTS, RKLB, etc positions that I’m up three digits on from Reddit

Dazzling_Marzipan474

I'm buying SOFI, RDDT, ACHV currently. I don't buy and hold too many individuals. I hold VOO and sell options mostly.

slayer1am

SOFI is a solid choice, in my opinion. I've got a $9 cost average and they're holding steady around $15, but once the macro environment improves, confident they'll climb back to 20s and above. Great opportunity to buy right now if you have a five year window.

Natharius

ELF, NOW, SOFI and ONDS are my big buys atm. Do you own DD

Background-Nothing71

Will SOFI ever go up again?

CouchPotatoFamine

Imma going to buy when it reaches $15. Sell some of my SOFI shares to pick it up.

Micheal_Hancho

Was thinking about doing something in SOFI, but then read a post in r/ValueInvesting about how SOFI is underpriced. Think I'll pass on this one

A10cc

I understand brother. I was in SOFI at $8 and got out at $20, but holy fuck the stock sucked ass for a whole year before I was able to get out. Noto seemed decent enough, but the company itself doesn't impress me. Galileo is also way overhyped.

Erieztoys

SOFI has entered the chat

Erieztoys

Just finished up casting all my votes for the SOFI June Annual Meeting. Pretty much voted against everything and everyone. Down $9K on this shitty stock.

Redwolf97ff

SOFI threw in the towel boys

Oplllia

SOFI

Beneficial-Sail-6139

SOFI you cunt

Redwolf97ff

If it stayed under 15, I’d agree. But this big boi is hanging on. SPY needs to stabilize and the SOFI will crest over 16 imho

prindibea

SOFI still has a real business under all the hype baggage. forgotten for sentiment reasons not fundamental ones.

Flashy-Extent-6092

You are bullish on SOFI coz you own them, thats it. 

Fancy_Cattle_5914

Just saw a SOFI ad during the Spurs game "SOFI the official bank of the NBA". Thanks for the reminding me that trash is a bank and doesn't deserve a tech multiple. Shorted more. Fair value - $8.

HeftyBox3580

SOFI needs to bring back giving away free penny stocks. They gave me 1 of CLSK at 3.84 in 2023 and I sold for a loss at 3.58 a week later

HeftyBox3580

Not to mention SOFI is cooking the books. Only reporting 1% of student loan borrowers in default when the national avg is 6-7%

Lello163

People buying SOFI now before the rate hikes are crazy lmao

iiRobbe

it’s $SOFI

mrmrmrj

SOFI is a bank. It runs like a bank. It trades like a bank. P/B is 1.8 like a bank. The earnings will grow at the rate of ROE like a bank.

RandoMandoFan

This. SOFI has been diluting the hell out of its stock to pay down its debt.

DeltaVx_

bro WHO THE FUCK trades on SOFI

Personal_Repair_3579

Ran SOFI through a benchmarking tool I've been using; peer-benchamrks it against \~50 credit services companies. Some of it lines up with the OP, some of it doesn't. The cost efficiency story is legit. Efficiency ratio of 33.5%, operating margin in the 83rd percentile vs peers. Whatever they're doing on the cost side, it's working. Growth is also real - asset growth at the 97th percentile, NII up 29% YoY, top-20% on most growth metrics. Can't really argue with that. But here's the catch that trips me up: net income grew \~240% last year, yet EPS was actually down \~12%. That gap is dilution. Stock-based comp is running at nearly 50% of operating cash flow. So the bank is making more money, but shareholders are getting a smaller slice of a bigger pie. The ROE reflects it - 5.7%, sitting at the 19th percentile vs peers. Overall moat score came in at 52/100 - moderate. The "no moat" comments are a bit harsh, but the deposit franchise scoring developing (bottom third) does suggest the ecosystem stickiness thesis is more aspiration than reality right now. That's an nteresting setup, not a layup.

RealPennyMuncher

Volume deltas on SOFI have it reversing here.

RealPennyMuncher

SOFI double bottom 👀🦧

Affectionate_World47

I bought SOFI a few months ago when it was around $20 per share and it’s obviously gone way down. I’m curious, would you all buy more while it’s down to dollar cost average and help the hit taken or do you think it’s gonna stay down for foreseeable future and just just hold and not buy more? What would you all do?

InvestigatorPlus3229

Sofi another one of those paypal level youtube promoted stocks that people have been bag holding for years. SOFI 3.23 (-17.20%)past 5 years

Sufficient_Cry2346

I just know SOFI going to somehow pump to $16 today

squashyTO

SOFI is a bank that’s trying to be valued as a tech company (with a tech multiple). The market isn’t buying that story.

dvdmovie1

> I’m just providing why I’m bullish. IMO though even if you're bullish, I think people are more willing to listen/entertain an idea if you offer a realistic portrayal of some concerns and risks (you say this: "Since obtaining its bank charter in 2022, SoFi can hold deposits and fund loans itself" - that's not appealing; you're describing something that nobody's going to want to own during a downturn.) In 2020/21, Upstart was "the new AI way to lend" and in 2022 it was "HOLY SHIT THEY SAID THEY WEREN'T GOING TO TAKE ALL THESE LOANS ON THEIR BOOK AND OMG THE MARKET FOR THESE LOANS IS FROZEN AND WHEN WILL THE STOCK STOP GOING DOWN." Fintech is exciting when times are good, not so much when times are bad - especially if it's a newer product without an extensive history in downturns (in the S-1 filing for UPST they literally said their algo didn't have a lot of experience with downturns.) Honestly, if I had to own a financial that actually makes loans, (not something that's a network like V/MA) I'd rather get/forget AXP (which is up 97% over the last 5 years while SOFI is -19%) than this. Owning AXP into a downturn isn't going to be fun either but with their customer base I'd feel better about that than SOFI. I think a lot of younger people have had good experiences with this company so they think the stock is great - it's been constently talked about on here for a while now - but their good experiences don't = good stock and I think it leads to overlooking risks. "The pitch is simple: once a customer is in the ecosystem, they rarely leave, and each product they add increases lifetime value." The question is how much value vs risk. " I’m not guaranteeing any returns." Nobody thinks you're guaranteeing returns but "only the good and none of the bad" really isn't a realistic portrayal of the business is all. Good luck.

How_To_TF

Probably the share buyback keeping it afloat lol. It'll rip or dump at earnings. I think the latter given how HOOD and SOFI went

Initial-Magazine2169

Ever heard of a little known ticker $SOFI? Good, cos it's not that one.

Metacog_Drivel

Just did some dumpster diving and bought some SOFI. Smells like shit.

Liquidsnake959

So like is SOFI a buy now or just stay away?

thewayyoulook2night

SOFI stock still sucks, i'm a bagholder

Erieztoys

Not sure I will live long enough to see SOFI $22 again.

HeftyBox3580

Next two years depend on the loan default rate. They offer attractive refi rates and why I used them in the past. Current student loan default rate is 6-10% for all borrowers, but SOFI is reporting less than 1% default rate for its borrowers. Short reports are out there about this. Also saved about 15k with them by taking a credit consolidation loan from them when I didn’t know 💸

Plastic_Barracuda711

Not a SOFI shill, but just comparing the revenue growth rates, SOFI is much higher - almost 3 times higher (3 yr revenue growth rate 63.42% vs 22.31% for DB). Sure its still expensive comparatively even at this price, but if they can maintain this growth, I think this price can be justified. You don't think so?

Plastic_Barracuda711

SOFI forward P/E is at 26.25 is looking like a buy now

Paincoast89

I wanna get into SOFI but the market hates it for some reason

Meteyu32

I know it's early, but if you told me Friday I'd be more up on my SOFI calls than NVDA I would have called you an idiot. And yet, here we are.

jcalcerano

SOFI

OGChodBone

Eyeing institutional buys if red starts flowing, many of them in a better position than their march rebalance purchases: SOFI, RDW, RGTI, Zenatech (small amount), Amazon, MSFT, NOW and some more

SexyBoatGuy32

CRCL ready to collapse along with SOFI bring the pain pay my puts

RevolutionaryPhoto24

I know they have a bank charter, but lack most banking departments - I just don’t see targeting the consumer as a very profitable business model. Looking at other banks generally, I just don’t see the advantage. It doesn’t seem like a growth multiple is justified on fintech such as this. I can see it more in the more predatory fintechs, but am generally not interested in investing in the sector overall, and if I do, it’s based on departments SOFI doesn’t operate (and for ballast or to play rates, recoveries, etc.) I wish you luck with it, and hope that growth translates to great returns.

madmac527

They’re operating on a land and expand model: SOFI primarily started its marketing focused on student-loan borrowers providing competitive refinancing. Their bet here is if they can capture a younger, higher qualified client starting with loan refinancing then they have a long runway to also sell other products to that same client. It takes years to pay off your student loans, and you’ll likely be shopping for a mortgage at some point over those same years. If your experience with SOFI has been great over 10 years paying off your loans and they hit you with the right marketing at the right time in your life (they know everything about your financial well being) then you’re likely to also get a mortgage service through them as well. It’s a brilliant strategy but yes it’s definitely a long play and Noto has short to mid-term goals that will cause friction which is what we are seeing on top of macro. Now SOFI has several products targeted at both Main Street and Wall Street and their revenue lines should grow steadily for years. They have Galileo and they also have a bank charter which many of their competitors don’t. That’s lubrication for down the road

Recent_Bus_1281

ran the numbers instead of reading the 12th "SOFI to $50" post today. P/E is 34.7x. Financial sector median is 12x. So right out the gate you're paying nearly 3x what a normal financial company costs. For that premium you'd expect a money printer. Instead you get $0.45 EPS with declining earnings momentum. About that $50 price target everyone loves: at $0.45 EPS, $50 = 111x earnings. JPMorgan trades at 13x. So the thesis is basically "SOFI will become the greatest financial company of all time." No pressure. Revenue is $3.6B which is real. This isn't some pre-revenue startup. But P/S is 5.5x vs the 2.0x sector median. Book value is $8.26, stock's at $15.61. You're paying nearly 2x book for what even the most generous classification calls a turnaround play. The one real bull case: they're sitting on net cash. Not going bankrupt tomorrow. But "probably won't go bankrupt" is doing a LOT of heavy lifting when your price target is a 3x from here. Could momentum carry it higher? Obviously, stocks don't read balance sheets. But if your entire thesis is "everyone on social media says it's undervalued," that's more like a prayer circle than DD. No position.

ImAWalkingBot

SOFI Or some shit fr fr

Nart_Leahcim

Big changes to student loans are coming this summer and a lot of people will refinance to SOFI