SoFi Technologies, originally a student loan firm, has evolved into a comprehensive financial solutions platform, leveraging technology to reach more affluent customers and expand its services.
Despite a rocky post-IPO performance, SoFi has ambitious projections for growth, with analysts forecasting a potential 118.14% upside in share price over the next six years.
The merger with a SPAC provided SoFi with the capital needed to enhance its technology stack, especially through the acquisition of the Galileo financial services platform.
Investors are focused on SoFi's future performance and growth potential, looking beyond its recent underwhelming stock performance to longer-term projections for revenue and earnings.
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