|Analyst / Firm||Company||Price||Rating||Price Target||Upside/Downside||Date|
SoFi Technologies IncSOFI
4 days ago
#343 out of 3574 analysts
56%56 out of 100
Risk vs Reward
Graseck lowered her price target on SoFi Technologies, Inc. by 9.1%.
The company's Q4 2021 financial report, scheduled for release on 2022/02/09, will be all about reaffirming robust growth expectations* the analyst asserts.
She notes that "bears are skeptical of strong revenue growth continuing, and are looking for a sharper slowdown in 2022 vs. ~60% growth in 2021."
Graseck reminds investors that SoFI's "stock is currently pricing in a slower pace of revenue growth vs. her firm's +40% forecast."
She says she will be looking for "top-line growth of ~40% in 2022e, with adjusted 2022e revenues of ~$1.42bn."
She also expects "2022e EBITDA of $164mn, with EBITDA margin expansion from 3.0% in 2021e to 11.5% in 2022e."
The analyst expects management will establish 2022 targets for revenues and EBITDA in its Q4 2021 report and that when it does, it "will affirm her firms's view of revenue growth in 2022."
* In its Q3 2021 earning report, SoFi guided as follows:
"Management expects an acceleration of annual growth in the fourth quarter of 2021, with expected adjusted net revenue of $272 million to $282 million, up 49–55% year-over-year, versus 28% year-over-year growth in the third quarter, and expected adjusted EBITDA of $2 million to $5 million.
"Management now expects to exceed its original guidance, with full-year adjusted net revenue of $1.002 billion to $1.012 billion and full-year adjusted EBITDA of $28 million to $31 million."
2 days ago