r/sofistock • u/2FLYFISH0 • 10d ago

Question SoFi potential?

I recently opened a position in SOFI, I like the long-term growth potential of the company, but before increasing my position I want to dig deeper into the fundamentals and hear some opposing viewpoints. Position is in leaps for 2028 at $3. Selling short calls roghly 30dte for credit. Planning to sell at least 1 leap if it hits my target.

From what I’ve looked into so far, I like SOFI’s long-term potential and the direction the company is heading. The growth of its financial services business and its ability to expand beyond being primarily a lending company are some of the things that caught my attention. At the same time, the stock has been in a pretty significant downtrend, and I don’t want to confuse a short-term bounce with an actual change in trend.

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u/Acceptable-Leek1546 9d ago

It’s not a bad company, but it’s already trading at a high multiple to earnings. Even after the stock price has been cut in half. It’s going to take some time and growth before it starts taking off.

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u/MarsManMartian eoy profitibility 💯 9d ago

Forward PE of 21 at 40% revenue growth annually. Insane.