SoFi Technologies

Bullish investors argue SoFi Technologies has likely formed a cyclical bottom after a prolonged selloff and points to 10 consecutive GAAP profitable quarters and consistent beats. Management guides roughly 30% revenue CAGR and 38–42% EPS CAGR through 2028, while expansion into crypto wallets, business banking, a Mastercard partnership and recent acquisitions aim to deepen its financial super-app ecosystem. The stock trades at low forward multiples (forward PEG <0.6, just above 2x tangible book), technical indicators suggest stabilization, and potential S&P 500 inclusion is cited as an additional rerating catalyst. » More on finance.yahoo.com

SoFi has announced the stablecoin SoFiUSD, which will be issued by a national U.S. bank on a banking platform and made available directly to members in the SoFi app for buying, selling and holding. SoFiUSD is redeemable 1:1 for U.S. dollars at SoFi Bank; the bank holds the liquid assets to back all outstanding tokens, and regular audits will be conducted by an independent U.S. auditor. The token is initially available on Ethereum and Solana; SoFi plans in the coming weeks to offer tokenized deposits with interest and FDIC protection, cross-border transfers, and a rollout for institutional customers via partner Bullish. Full availability is expected in early June once users install the latest app version. » More on de.investing.com

SoFi shares climbed about 3% after CEO Anthony Noto outlined the strategy and explained the discrepancy between strong operational performance and the share price decline. In Q1 the company reported adjusted net revenue growth of 41% and member growth of 35%, but reiterated its full-year guidance. Noto said the compression of valuation multiples was driven by interest-rate policy; the stock currently trades at roughly twice tangible book value, which has risen to $7.20. He announced four initiatives—SoFi Plus, the stablecoin SoFi USD, the launch of corporate banking on July 1, and crypto lending—and described his $2 million stock purchase as attractive. » More on de.investing.com