Consider a Starter Position in SOFI on a 30% Dip

about 2 months ago

Brett Schaefer

"I might be willing to take a starter position because I do like SoFi and I like where they're at, but unless this drops by probably 30% or more, I'm going to be holding off on making this a big position."

The hosts analyze SoFi Technologies (trading as SOFI) and note that while the company shows strong deposit growth and competitive positioning, its current valuation (around 4x book value and roughly 13x projected 2030 earnings) is expensive. They recommend waiting for a price drop of approximately 30% to align with a more attractive, single digit 5-year earnings multiple before initiating a larger position.

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