Zinger Key Points
- Recently, SoFi’s Chief Financial Officer Chris Lapointe showcased company’s expanding reach, now boasting approximately 11 million members.
- Bhatia writes that these efforts are expected to support both revenue and contribution profit growth in 2025 and beyond.
- Get access to the leaderboards pointing to tomorrow’s biggest stock movers.
Bank of America Securities analyst Mihir Bhatia reiterated the Underperform rating on SoFi Technologies, Inc. SOFI on Friday, with a price forecast of $13.
At the 45th Annual William Blair Growth Stock Conference on Wednesday, SoFi CFO Chris Lapointe showcased the company's expanding reach. It now boasts approximately 11 million members and over 15 million products.
The analyst notes that SoFi’s Financial Services products—Money, Relay, and Invest—are broad-entry tools that attract users to its platform.
Also Read: SoFi Could Become ‘American Express Of Fintech’: Analyst
Once users are in the system, the company leverages its Financial Services Productivity Loop to cross-sell offerings, including those in the Lending segment.
Bhatia also highlights the Loan Platform as a major growth driver over the past year.
SoFi originates loans in a capital-light way and earns strong income from the product.
In the first quarter FY25, the company originated $1.6 billion in third-party loans and expects continued growth, especially if credit standards ease. With 84% year-over-year growth in the quarter, the product is gaining momentum and is poised to become a key revenue contributor.
- Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
- Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
- Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
The analyst points out that SoFi sees its Invest product as a major driver of Financial Services growth in 2025.
Management views it as potentially the next standout offering—comparable to Money, which SoFi considers its benchmark product.
The company has already added features like a robo-advisor and funds, and is now shifting focus to monetization and asset expansion.
Bhatia writes that these efforts are expected to support both revenue and contribution profit growth in 2025 and beyond.
Price Action: SOFI shares are trading higher by 2.01% to $13.98 at last check Friday.
Read Next:
Image: Shutterstock
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.