SoFi Technologies(US:SOFI) 247Wallst·2026-01-16 13:25Core Viewpoint - SoFi Technologies Inc. is experiencing significant growth in membership and revenue, with a focus on expanding its financial services offerings and leveraging its banking charter to enhance profitability [1][10][12]. Company Performance - SoFi's stock is currently trading 3.4% lower than a week ago but has increased by 26.2% over the past six months and 70.5% over the past year [1]. - The company has more than doubled its revenue since its IPO, reaching $2,067.8 million in 2023, despite operating at a net loss [7][8]. - Operating costs have increased, particularly in sales and marketing, which totaled $720 million in 2023, but these investments are seen as beneficial for future growth [7][8]. Growth Strategy - SoFi aims for 30% member growth and 20% revenue growth, with plans to expand its product lineup to include new lending products, investment options, and insurance services [1][9]. - The company is also focusing on cross-selling its financial products to improve customer retention and lifetime value [11]. Market Position and Valuation - Analysts have mixed views on SoFi's valuation, with some seeing it as having a steep premium while others anticipate long-term growth potential [2]. - The Wall Street consensus one-year price target for SoFi is $27.11, with a more bullish estimate from 24/7 Wall St. at $35.70 by the end of 2026, representing a 35% gain [12][15]. Future Projections - Revenue and earnings projections indicate continued growth, with estimated revenue reaching $5.34 billion and net income of $1.279 billion by 2030 [13][14]. - The estimated stock price is projected to reach $55.30 per share by the end of the decade, more than doubling the current price [14][15].