SoFi: Excellent Results, Buy The Dip
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SoFi Technologies is recommended as a 'Buy/Strong Buy' due to strong member growth, record net sales, and profitability, despite a soft 1Q25 outlook. The company beat GAAP profit estimates significantly, achieving $0.29 per share, and saw a 600% jump in net profits in 4Q24. SoFi added 750K new customers in 4Q24, surpassing 10 million total, and achieved record high net sales and EBITDA in 2024.
February 07, 2025 | 10:30 am
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SoFi Technologies is recommended as a 'Buy/Strong Buy' due to strong member growth, record net sales, and profitability, despite a soft 1Q25 outlook. The company beat GAAP profit estimates significantly, achieving $0.29 per share, and saw a 600% jump in net profits in 4Q24.
The article highlights SoFi's strong financial performance, including a significant beat on GAAP profit estimates and a 600% increase in net profits. The addition of 750K new customers and surpassing 10 million total members further supports the positive outlook. Despite a soft 1Q25 outlook, the overall strong performance in 4Q24 and 2024 makes SoFi a 'Buy/Strong Buy'.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100