$SOFI hit a 52 week low today at $13.92. The company is a long term buy. Why you may ask. Well 1 year ago they were at $28 at 63 forward PE, now the company is at $14 at 19 forward PE. Did SOFI get worse? Nope, 40% revenue growth YOY and operating income growing very rapidly. The reason they are performing bad is because of short term tension, but long term you are buying a rapidly growing profitable business at a very low, reasonable valuation. I believe it might fall more, but that just means it becomes a better buy :). Thanks for reading.
42 views
0 Comments
No comments available.
Join the conversation with 500,000+ other investors 💸
Create an account to get access to everything Blossom has to offer!
📊 Personalized algorithm based on your investing style, experience level and interests
📈 Powerful portfolio and dividend tracking tools
👀 See what top creators and others in the community are investing in
