Prediction: This Stock Could Beat the Market in the Next Decade

Core Viewpoint - SoFi Technologies has seen its stock price more than double over the past year, indicating strong performance and potential for above-average returns in the next decade [1] Financial Performance - SoFi reported strong financial results in 2024, with revenue growth and member expansion, ultimately achieving profitability for the first time [2] - The company's revenue grew by 20% year over year to $771.6 million, while net income decreased by 19% year over year to $71.1 million, surpassing initial guidance [5] - SoFi ended the quarter with 10.9 million members, a 34% increase year over year, and 15.9 million products, a 35% increase compared to the previous year [6] Market Position and Strategy - SoFi operates as a modern online bank without physical retail locations, appealing particularly to younger generations who prefer digital banking [7] - The company is positioned to benefit from the ongoing transition of young adults into banking, providing a long-term growth opportunity [8] - SoFi has potential for revenue growth through cross-selling products to its existing client base, with an average of 1.5 products per member [9] - The company has also engaged in a significant partnership with Blue Owl Capital Management, involving a two-year, $5 billion loan platform deal, which will enhance revenue opportunities [10] Long-Term Outlook - Despite facing potential economic challenges, SoFi's growth potential and newfound profitability make it an attractive option for long-term investors, with expectations for significant returns through 2035 [11]