Yet there are reasons SoFi shares could rise some 80% to its previous peak of $28. SoFi’s Business And Financial ResultsAs I wrote in August, SoFi is a financial services company that was initially known for its student loan refinancing business. Earlier this week Mizuho analyst, Dan Dolev wrote that he sees SoFi enjoying 40% average annual revenue growth between now and 2025. Path to ProfitabilityUnless a company is at risk of running out of cash, investors care more about revenue growth than profitability. Possible AcquisitionSoFi could be a takeover target for large financial institutions seeking to expand their footprint in mobile financial services.

Source: Forbes September 17, 2021 13:29 UTC