SoFi's Bullish Run Far From Over
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SoFi has shown significant growth with accounts increasing from 109.7M in Q1'22 to 160.2M in Q3'24, leading to a 69% revenue increase. Originations rose to $4.9B in Q3'24, up 141% from Q1'22. 2024 adjusted net revenue is projected at $2.54B–$2.55B, with adjusted EBITDA expected to grow 49% YoY to $645M.
December 13, 2024 | 6:00 pm
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POSITIVE IMPACT
SoFi's accounts have grown significantly, leading to a 69% revenue increase. Originations are up 141%, and 2024 revenue and EBITDA projections are strong, indicating continued growth.
The substantial increase in accounts and originations, along with strong revenue and EBITDA projections, suggests a positive outlook for SoFi. This growth trajectory is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100