Not all of her investment picks are expensive.
California fintech giant SoFi is teaming up with British capital markets platform PrimaryBid Technologies to expand its initial public offering share placement business, the company told Reuters.
Shares of this fintech leader haven't panned out as investors had hoped.
The Fed's interest rate cuts should only fuel the fire for this hypergrowth fintech.
Liz Young Thomas, SoFi head of investment strategy, joins 'Squawk Box' to discuss the latest market trends, where investors can find opportunities right now, impact of the Fed's interest decision, and more.
SoFi Technologies is a one-stop-shop financial platform with increasing revenue and gross margins but remains unprofitable with a high P/E ratio. CEO Anthony Noto has built a strong narrative appealing to Millennials, who are set to inherit significant wealth and prefer digital financial solutions. Major risks include a high P/E ratio, negative RoE and FCF, and competition from larger financial institutions adapting to Millennial needs.
SoFi's customer bank account deposits have risen to over $23 billion over the past few years. SoFi has posted three consecutive profitable quarters as it grows its bank and scales up its technology business.
SoFi has expanded into a large array of financial services beyond lending. The non-lending segments are growing faster than the lending segment.
SoFi Technologies, Inc. has experienced significant revenue growth since going public, yet its stock remains undervalued, presenting a strong buying opportunity for investors. CEO Anthony Noto predicts increased loan demand due to Fed interest rate cuts, further boosting SoFi's growth prospects. SoFi's future revenue growth is expected to re-accelerate, with forecasts of 20-25% compound annual growth and substantial EPS growth through 2026.
In the most recent trading session, SoFi Technologies, Inc. (SOFI) closed at $7.73, indicating a -1.28% shift from the previous trading day.
Cathie Wood's fintech company, SoFi Technologies, is a must-buy as rate cuts bode well for its lending business, which of late is growing at a slower pace.