Is SOFI a good stock to buy? We came across a bullish thesis on SoFi Technologies, Inc. on William’s Substack by William Fleming-Daniels. In this article, we will summarize the bulls’ thesis on SOFI. SoFi Technologies, Inc.’s share was trading at $17.37 as of March 17th. SOFI’s trailing and forward P/E were 45.21 and 29.85 respectively according to Yahoo Finance.
SoFi Technologies, Inc. provides various financial services in the United States, Latin America, Canada, and Hong Kong. SOFI has transitioned from a speculative fintech disruptor into a profitable, scaled financial platform, entering 2026 at a key inflection point. With eight consecutive quarters of GAAP profitability, a diversified revenue mix, and a strengthened balance sheet following a $1.5 billion equity raise, the company has validated its long-debated “compounder” thesis.
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Membership has surpassed 12.6 million, while strong FY2025 performance, including 38% revenue growth and 49% EBITDA expansion in Q3, highlights accelerating operating leverage. Crucially, over half of revenue now comes from fee-based Financial Services and Technology Platform segments, reducing reliance on capital-intensive lending and supporting a structural re-rating toward a hybrid fintech and software valuation.
The macro backdrop has also turned favorable, with a “Goldilocks” rate environment supporting both net interest income and loan refinancing activity, while resilient credit performance underscores the strength of SoFi’s prime borrower base. At the core of its model is the Financial Services Productivity Loop, which drives efficient cross-selling and customer retention, evidenced by 40% of new products being adopted by existing users, significantly lowering acquisition costs and boosting lifetime value.
Strategically, SoFi continues to shift toward a capital-light model through its Loan Platform Business, while its Technology Platform is poised for re-acceleration driven by enterprise adoption. Meanwhile, Financial Services remains a high-growth engine benefiting from strong operating leverage. The recent capital raise provides flexibility for M&A and balance sheet optimization, reinforcing long-term growth ambitions.
Despite risks around credit cycles, execution, and valuation, SoFi’s earnings trajectory, expanding margins, and ecosystem advantages position it for continued re-rating, with a credible path toward $32–$36 in the next 12 months and sustained long-term compounding potential.
Previously, we covered a bullish thesis on SoFi Technologies, Inc. (SOFI) by Oliver | MMMT Wealth in May 2025, which highlighted the company’s consistent earnings beats, strong revenue growth, expanding membership, and improving profitability driven by its financial services segment. SOFI’s stock price has appreciated by approximately 35.06% since our coverage. William Fleming-Daniels shares a similar view but emphasizes on its evolution into a profitable, diversified fintech platform.
SoFi Technologies, Inc. is not on our list of the 40 Most Popular Stocks Among Hedge Funds. As per our database, 56 hedge fund portfolios held SOFI at the end of the fourth quarter which was 44 in the previous quarter. While we acknowledge the risk and potential of SOFI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SOFI and that has 10,000% upside potential, check out our report about this cheapest AI stock.
Disclosure: None.
