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重启加密业务点燃SoFi科技(SOFI.US)增长新引擎,黄金机遇或引爆估值上行潜力
SoFi TechnologiesSoFi Technologies(US:SOFI) 智通财经网·2025-07-03 08:19

Core Viewpoint - SoFi Technologies (SOFI.US) has announced plans to restart its cryptocurrency business, leading to a significant increase in its stock price despite previously exiting the crypto space at the end of 2023 [1][4]. Group 1: Financial Performance and Market Opportunity - SoFi's financial performance has been strong, and the resumption of crypto services is expected to unlock a new business area, potentially increasing its market valuation [3][4]. - The stablecoin market is projected to grow over tenfold by 2030, reaching between $3 trillion to $4 trillion, presenting a substantial opportunity for SoFi [4]. - Analysts estimate that the potential annual revenue from stablecoins could create a $100 billion market opportunity [4]. Group 2: Competitive Landscape - Robinhood has achieved a market capitalization of $87 billion, significantly higher than SoFi's valuation, indicating a competitive disadvantage for SoFi in the crypto space [7][9]. - SoFi's previous limited crypto trading offerings were handed over to Blockchain.com, with assets valued at less than $140 million [4]. - The market has shown a preference for fintech companies involved in crypto, as evidenced by Circle's market cap nearing $45 billion [9]. Group 3: Growth Projections - SoFi has projected a 25% annual growth rate over the next three years, while analysts have lower growth expectations for 2026 and 2027, below 20% [11]. - Revenue estimates for SoFi indicate a growth trajectory, with projections of $3.28 billion in 2025, $3.92 billion in 2026, and $4.58 billion in 2027, reflecting year-over-year growth rates of 25.74%, 19.61%, and 16.88% respectively [12]. Group 4: Investment Perspective - The current valuation of SoFi is attractive at 16 times the adjusted EBITDA target, with potential for significant upside if the crypto business becomes a growth driver [13]. - The combination of a robust sales growth outlook and the shift towards a scalable, light-capital revenue model could enhance SoFi's valuation multiples [12][13].