SOFI pumping pre-marketWill we see the god candle ? I believe so.
NASDAQ:SOFI , if nothing changes makes over 1 billion in earnings per year now, PE ~7x
NASDAQ:PYPL obliterated stock has a PE of 18x.
NASDAQ:SOFI therefore is worth about 15-17$ per share assuming it stops growth and does not expand profits in the future, the banks don’t want you to know this.
This assumes no multiple expansion, currently the average PE of the CBOE:SPX is 26, with even moderate multiple expansion NASDAQ:SOFI could find itself at 20$ plus fairly quickly.
NASDAQ:SOFI could rise as high as 32$ by next year with some multiple expansion