Could SoFi stock reach $50? Run the book value maths before answering
In the mid $16s that is roughly a tripling. For a lender the arithmetic gets you further than any chart pattern.
Tangible book per share ended Q1 at $7.21, a 57% annual rise from $4.58. Today's price is roughly 2.3x that figure. A $50 share against the same book would mean roughly 7 times tangible book, which almost no bank in the world trades at.
Two things would have to happen together. Book value keeps compounding at a serious rate, and return on tangible common equity climbs from around 7% toward the 20% to 30% target management has stated.
Analyst targets currently average near $22.83 across 21 firms. Nobody is modelling $50 on a twelve month view.
Short-term $SOFI for me is a perp on Bitunix, not shares. Derivative rather than stock, a funding fee runs while held, and I keep leverage minimal since an 8% session is ordinary here and liquidation risk is real.
Could be wrong. Just the maths as I read it.
In the mid $16s that is roughly a tripling. For a lender the arithmetic gets you further than any chart pattern.
Tangible book per share ended Q1 at $7.21, a 57% annual rise from $4.58. Today's price is roughly 2.3x that figure. A $50 share against the same book would mean roughly 7 times tangible book, which almost no bank in the world trades at.
Two things would have to happen together. Book value keeps compounding at a serious rate, and return on tangible common equity climbs from around 7% toward the 20% to 30% target management has stated.
Analyst targets currently average near $22.83 across 21 firms. Nobody is modelling $50 on a twelve month view.
Short-term $SOFI for me is a perp on Bitunix, not shares. Derivative rather than stock, a funding fee runs while held, and I keep leverage minimal since an 8% session is ordinary here and liquidation risk is real.
Could be wrong. Just the maths as I read it.