Customer Base ExpansionSOFI focuses on serving tech-savvy millennials, which has helped the company attract a group of well-educated and high-credit score customers.
Financial PerformanceSOFI is well-positioned for a rate cut environment, PT raised to $13.00 on higher estimates.
Growth StrategyLoan Platform Fees, a new revenue stream focusing on the origination and/or servicing of 3rd party loans, aligns with SOFI's shift to a more fee-based, capital-light, and reduced-risk model.