Should you buy SoFi stock? (December 2024)

Published first at https://www.3minutebreakdowns.com SoFi stock analysis. Ticker: $SOFI SOFI is attempting to disrupt the banking industry and the stock just surged to a new 52-week high. At the latest price, SOFI now has a market capitalization of 18 billion dollars and a book value over 6 billion. Revenue over the last 12 months comes to 2.5 billion with 214 million of net income and 650 million of adjusted ebitda. So SOFI stock is now valued at 2.9 times book value, 7 times revenue and about 29 times EBITDA. SOFI stock is surging because the company is putting up incredible growth numbers. Revenue has more than quadrupled since 2020 and was up another 30% in the latest quarter. New members and products continue to ramp at impressive rates. And while legacy banks like Wells Fargo have seen their customer deposits decline in recent years, SOFI has seen deposits expand by a remarkable 23 billion dollars. These growth metrics are important because they signal that SOFI is taking market share and giving real value to customers. Meanwhile, SOFI’s digital infrastructure allows it to keep costs low and generate real earnings. #investing #stockmarket #stockstowatch #sofistock