SoFi Technologies' Growing Profitability Makes It A Buy On The Q4 Pullback

Justin Sullivan When I last wrote about SoFi Technologies, Inc. (NASDAQ:SOFI) on February 17, 2022, I called it a speculative investment because it was an unprofitable, free cash flow ("FCF") burning, experimental fintech that had only recently received its banking charter. Additionally, I made that buy recommendation on the eve of the Federal Reserve raising interest rates, which I knew would likely put the new online bank under stress. I still recommended it because I believed it would be a long-term winn ...