SoFi's Transaction Revenue Skyrockets: Analyst Foresees Major Growth, Higher Valuation
SoFi's Transaction Revenue Skyrockets: Analyst Foresees Major Growth, Higher Valuation
Needham analyst Kyle Peterson reiterated SoFi Technologies, Inc (NASDAQ:SOFI) with a Buy rating and a $10 price target.
Needham的分析師Kyle Peterson重申以$10的目標價和買入評級推薦SoFi Technologies, Inc (納斯達克股票代碼:SOFI)。
Peterson is impressed by SoFi's interchange revenue growth and noted it as a sign of strong user engagement in its core customer base.
Peterson對SoFi的交換機營收增長印象深刻，並將其作爲其核心客戶基礎強力用戶參與的標誌。
While interchange is a small piece of the overall business, the analyst expects it to remain one of SoFi's fastest-growing products. Given its lower capital intensity and lack of credit risk relative to lending, the business should be valued like a payments asset, as per Peterson.
雖然交換僅是整體業務的一小部分，但該分析師預期它將繼續是SoFi增長最快的產品之一。鑑於相對於信貸業務而言，它的資本密集度較低且缺乏信貸風險，因此該業務應被視爲支付資產來進行估值，正如Peterson所指。
The analyst expects interchange to garner attention as it grows and becomes one of SoFi's more significant fee income streams.
分析師預計隨着其發展併成爲SoFi更重要的收費收入之一，交換將引起關注。
Peterson noted that SoFi's tech products and solutions segment is underappreciated by the market and views it as adding incremental growth vectors while also allowing SoFi to diversify into adjacent products and international markets without taking on additional credit risk or committing balance sheet capital to fund these efforts.
Peterson指出，市場低估了SoFi的技術產品和解決方案業務，並認爲這些業務可以增加增量增長向量，同時允許SoFi在毫不承擔額外信貸風險或貢獻資產負債表資本的情況下，將其財務業務多元化到相鄰產品和國際市場。
The analyst noted this segment as a key to expanding SoFi's overall valuation as this segment has a software revenue model, which will garner a higher multiple relative to the core lending business.
分析師指出，這一業務是擴大SoFi總估值的關鍵，因爲這一業務有一個軟件營收模型，相對於核心信貸業務，將獲得更高的倍數。
Given the healthy growth runway, Peterson's updated model assumes higher expenses, especially in tech and product development.
考慮到良好的成長前景，Peterson更新的模型假設高額支出，特別是在技術和產品開發方面。
Peterson projected that the second quarter's adjusted revenue and EPS would be $561.4 million and $0.00.
Peterson預計第二季度調整後的營收和每股收益將分別爲561.4百萬美元和0.00美元。
Price Action: SOFI shares are trading higher by 0.07% to $6.44 at last check Tuesday.
股價走勢：截至週二最後交易時段，SOFI股價上漲0.07%，報6.44美元。
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Photo: Shutterstock
Photo: shutterstock
譯文內容由第三人軟體翻譯。