SOFI - SoFi Technologies Inc.

Ryan sees SoFi as well-positioned for tokenization and stablecoin adoption through its regulated bank charter, business banking capabilities, and partnerships with Mastercard. He believes SoFi can become a primary financial relationship platform connecting all assets and liabilities for customers, with potential for hundreds of millions in stablecoin-related revenue.

Class action lawsuit over Q1 price drop dismissed as meaningless. Host notes it's a bank growing quickly. No strong buy or sell recommendation given, just context on the lawsuit noise.

Website traffic declining month-over-month. Rate hikes are particularly bad for SoFi because they have variable rate loans — customers will prepay, and institutions won't buy existing fixed-rate loans. Down another 0.25% in overnight markets after being down 6.5% on Friday.

Long-term position, not trimmed. Consistent member growth at 34-35% clip, cross-buying increasing, flat customer acquisition costs. Host believes in management and TAM. Also offering SpaceX IPO access which could attract new users.

Host believes SoFi will outperform the S&P 500 long-term due to 30% revenue growth, 40% EPS growth, strong member growth at 34-35%, and expansion into massive TAMs (personal loans, mortgages, stablecoins, global markets). Stock is at half its all-time high of $33, creating a buying opportunity during skepticism. Not currently buying more due to macro uncertainty but is 'itching to buy' and not selling any shares.

One host has SoFi as their third biggest position and is excited about SoFi USD as a stablecoin business pending the Clarity Act legislation. They remain committed to the stock despite community concerns about coverage frequency.

Upstart's 52% YoY origination growth is a strong signal that Q2 will be as strong or stronger than Q1 for SoFi's loan platform business. SoFi USD stablecoin partnership with Mastercard adds additional positive catalyst.

Host holds SoFi despite it being down 40% YTD. He's up on his position with a lower average cost. Believes in the long-term business fundamentals (member growth, ARPU, customer acquisition costs) and would not sell. Also discusses potential S&P 500 inclusion.

Up 9% to $18.51. Host considers it one of the best companies in the world. Expected to grow 40% annually for next three years. Now eligible for S&P 500 inclusion at $23.7B market cap. Consumer credit card debt issues could drive users to SoFi for lower interest rates. Host acknowledges it's one of his biggest positions.

SoFi is presented as a bonus pick compounding members at 33-34% with increasing products per customer driving lifetime value. CEO Anthony Notto expects tangible book value to compound at 40% for 3 years. Trading at only 2x tangible book value, the host argues it could comfortably beat the S&P 500 even without multiple expansion. Fee-based revenue mix is increasing, reducing risk.