SoFi: A New Low Emerged

Nov. 30, 2022 3:39 PM ETSoFi Technologies, Inc. (SOFI)26 Comments

Summary

  • SOFI crumbled nearly 30% from its post-earnings highs, as the market likely saw more risks through FY23. Biden delivered another slap to SoFi by extending the student loan moratorium.
  • We discuss why investors could have been spooked by the steepest yield curve inversion in decades. That could put SoFi's originations growth at significant risk.
  • Therefore, investors need to question whether SoFi's growth drivers in the personal loan segment are sufficient to drive growth in H1'23 if a severe recession ensues.
  • We highlight why the market pummeling dip buyers from its May lows may not necessarily be an adverse event.
  • Maintain Buy with a reduced PT of $5.50.
  • I do much more than just articles at Ultimate Growth Investing: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

SoFi Technologies Acquires Technisys SA For $1.1 Billion

Justin Sullivan

Thesis

SoFi Technologies, Inc. (NASDAQ:SOFI) stock suffered another hammering over the past two weeks, as it crumbled below critical support levels that have bolstered SOFI's consolidation zone since May.

There's little doubt that the recent crypto trading review

SoFi Student loans originations

SoFi Student loans originations (Company filings)

US10Y-US2Y trend %

US10Y-US2Y trend % (koyfin)

SOFI price chart (weekly)

SOFI price chart (weekly) (TradingView)

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