<p><strong>SoFi Technologies</strong>（SOFI 0.52%），一家金融科技公司，花了多年时间试图赢得华尔街的青睐。市场曾对此深感怀疑，但最终态度发生了转变。在过去的一年里，SoFi 的股价飙升，涨幅超过 200%。尽管如此，SoFi 的股价仍然低于每股 30 美元，准确来说约为 28 美元（截至 10 月 14 日）。在最近的上涨之后，SoFi Technologies 仍然有很多潜力，它可能是目前这个价格区间内最好的成长股之一。</p>
<h2>SoFi Technologies 表现良好的原因</h2>
<p>即使在股价下跌时，SoFi 的扩张也没有遇到太大困难。事实上，在过去三年中，该公司的营收增长率有所下降，尽管仍然保持在较高水平。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/0dd75ae9fb4baba9e6b991b47766cc39.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/0dd75ae9fb4baba9e6b991b47766cc39.png"/></p>
<p>SOFI 收入（季度同比增长）数据来自 YCharts</p>
<p>但尽管收入增长速度不如从前，SoFi 的股价自 2022 年以来却获得了显著的关注。这是为什么呢？SoFi 的收入可能在快速增长，但公司并未盈利。随着利率的上升，投资者抛售那些看似投机性且无盈利的公司。更高的利率意味着借款成本上升，这可能导致消费者借款和支出减少。这些动态往往对那些财务状况不佳的小公司造成最大的伤害。SoFi 正是符合这一特征。或者说，论点是如此。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY3MzEvcGVyc29uLXNpZ25pbmctaW50by10aGVpci1vbmxpbmUtYmFua2luZy1hY2NvdW50LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY3MzEvcGVyc29uLXNpZ25pbmctaW50by10aGVpci1vbmxpbmUtYmFua2luZy1hY2NvdW50LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>然而，该公司已经扭转了局面，转向盈利的同时仍在扩张。在第二季度，收入同比增长 44%，达到 8.58 亿美元。SoFi 的每股收益飙升 700%，达到 0.08 美元。会员增长强劲，同比增长 34%，达到 1170 万，而产品增长也同比增长 34%，达到 1710 万。盈利增长才是关键，而 SoFi 正提供大量这样的增长。</p>
<h2>银行业正在进行的范式转变</h2>
<p>SoFi 能否继续超越市场？支持该公司的一个主要论点是，其商业模式非常适应现代需求、要求和偏好，尤其是年轻消费者的需求。SoFi 是一家完全在线的银行。这是一个显著的优势，因为固定成本较低。现在，有人可能会争辩说，传统银行巨头也在提供在线服务。然而，SoFi 是一家数字优先的银行，这种模式在许多行业中已变得流行——几乎成为常态。</p>
<p>数据显示，千禧一代和 Z 世代在线银行的可能性远高于婴儿潮一代。最好的部分是，千禧一代仍在进入他们的财务巅峰。而 Z 世代则还有一段距离才能达到这一点。换句话说，随着这两个群体的年龄增长，收入增加，并寻求更多贷款以购买房屋和其他银行产品，SoFi Technologies 应该会受益。它已成为一家领先且广受认可的在线银行。</p>
<p>这可能是未来十年甚至更长时间的重要助力。现在，对公司前景持怀疑态度的理由也存在。其中之一是公司对风险较高的个人贷款的相对依赖。在经济衰退时，这可能会成为一个问题，因为它使公司面临显著的违约风险。另一个需要注意的是估值。SoFi 的股价交易在未来收益的 47 倍，远高于金融行业的 16.5 倍平均水平。</p>
<p>在这些水平上，SoFi 的一些成功可能已经反映在其股价中。任何失误都可能导致股价暴跌。即使考虑到这些潜在问题，SoFi Technologies 不断增长的客户基础和扩展的服务范围使得该股票仍然具有吸引力。该公司的个人贷款借款人加权平均 FICO 评分为 743，平均收入为 161,000 美元。美国的平均收入不到这个数字的一半，且收入与违约风险之间往往存在反向关系。</p>
<p>换句话说，SoFi 的客户在财务健康状况上远好于平均水平，这有助于降低其违约风险的暴露。即使由于其高估值在短期内遇到一些波动，该公司在长期内也应该表现良好，因为它将利用不断演变的银行范式。简而言之，SoFi 是一只具有吸引力的成长股，尤其是在其股价低于每股 30 美元的情况下。</p>

SOFI

<p>SoFi Technologies (SOFI) 的股价在过去一年中上涨超过 200%，目前交易价格约为 28 美元。该公司已实现盈利，第二季度收入同比增长 44%，达到 8.58 亿美元，每股收益飙升 700%。SoFi 的数字优先银行模式吸引了年轻消费者，使其在未来增长中处于良好位置。然而，关于其对个人贷款的依赖以及高估值（前瞻市盈率为 47 倍）的担忧依然存在。尽管存在这些风险，SoFi 强大的客户基础和不断扩展的服务使其成为一只吸引人的增长股票，股价低于 30 美元</p>

<p><strong>SoFi Technologies</strong>(SOFI 0.52%), a fintech specialist, spent years trying to get on Wall Street's good side. The market was deeply skeptical but has finally come around. During the past year, SoFi's shares have soared, gaining more than 200%. Even so, SoFi's shares are still changing hands for less than $30 a piece, about $28 to be exact (as of Oct. 14). SoFi Technologies still has a lot to offer after its recent run, and it might just be one of the best growth stocks available at this price.</p>
<div class="lb-trans"><p><strong>SoFi Technologies</strong>（SOFI 0.52%），一家金融科技公司，花了多年时间试图赢得华尔街的青睐。市场曾对此深感怀疑，但最终态度发生了转变。在过去的一年里，SoFi 的股价飙升，涨幅超过 200%。尽管如此，SoFi 的股价仍然低于每股 30 美元，准确来说约为 28 美元（截至 10 月 14 日）。在最近的上涨之后，SoFi Technologies 仍然有很多潜力，它可能是目前这个价格区间内最好的成长股之一。</p>
</div><h2>Why SoFi Technologies has performed well</h2>
<div class="lb-trans"><h2>SoFi Technologies 表现良好的原因</h2>
</div><p>SoFi never had that much trouble expanding, even when its shares were declining. In fact, during the past three years, the company's top-line growth rate has declined, although it remains high.</p>
<div class="lb-trans"><p>即使在股价下跌时，SoFi 的扩张也没有遇到太大困难。事实上，在过去三年中，该公司的营收增长率有所下降，尽管仍然保持在较高水平。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/0dd75ae9fb4baba9e6b991b47766cc39.png" alt="" original-src="https://media.ycharts.com/charts/0dd75ae9fb4baba9e6b991b47766cc39.png"/></p>
<p>SOFI Revenue (Quarterly YoY Growth) data by YCharts</p>
<div class="lb-trans"><p>SOFI 收入（季度同比增长）数据来自 YCharts</p>
</div><p>But even though revenue is not growing as fast as it once was, SoFi's shares have gained significant traction since 2022. What gives? SoFi's revenue may have been growing at a good clip, but the company was unprofitable. And as interest rates increased, investors were selling off what seemed like speculative, unprofitable companies. Higher interest rates mean the cost of borrowing goes up, which can lead to lower consumer borrowing and spending. These dynamics tend to harm smaller companies with red ink on the bottom line the most. SoFi fit the bill. Or, so the argument went.</p>
<div class="lb-trans"><p>但尽管收入增长速度不如从前，SoFi 的股价自 2022 年以来却获得了显著的关注。这是为什么呢？SoFi 的收入可能在快速增长，但公司并未盈利。随着利率的上升，投资者抛售那些看似投机性且无盈利的公司。更高的利率意味着借款成本上升，这可能导致消费者借款和支出减少。这些动态往往对那些财务状况不佳的小公司造成最大的伤害。SoFi 正是符合这一特征。或者说，论点是如此。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY3MzEvcGVyc29uLXNpZ25pbmctaW50by10aGVpci1vbmxpbmUtYmFua2luZy1hY2NvdW50LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836731%2Fperson-signing-into-their-online-banking-account.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>However, the company has turned things around, swinging to profitability while still expanding. In the second quarter, revenue grew by 44% year over year to $858 million. SoFi's earnings per share soared by 700% to $0.08. Member growth was strong, clocking in at 34% year over year to 11.7 million, while product growth came in at 34% year over year to 17.1 million. Profitable growth is where it's at, and SoFi is providing plenty of that.</p>
<div class="lb-trans"><p>然而，该公司已经扭转了局面，转向盈利的同时仍在扩张。在第二季度，收入同比增长 44%，达到 8.58 亿美元。SoFi 的每股收益飙升 700%，达到 0.08 美元。会员增长强劲，同比增长 34%，达到 1170 万，而产品增长也同比增长 34%，达到 1710 万。盈利增长才是关键，而 SoFi 正提供大量这样的增长。</p>
</div><h2>The ongoing paradigm shift in banking</h2>
<div class="lb-trans"><h2>银行业正在进行的范式转变</h2>
</div><p>Can SoFi keep beating the market? One major argument in favor of the company is that its business model is ideally adapted to modern needs, demands, and preferences, especially those of younger consumers. SoFi is an entirely online bank. That's a significant advantage because there are fewer high fixed costs. Now, some might argue that legacy banking giants are also providing online services. However, SoFi is a digital-first bank, a model that has become popular -- practically the norm -- across many industries.</p>
<div class="lb-trans"><p>SoFi 能否继续超越市场？支持该公司的一个主要论点是，其商业模式非常适应现代需求、要求和偏好，尤其是年轻消费者的需求。SoFi 是一家完全在线的银行。这是一个显著的优势，因为固定成本较低。现在，有人可能会争辩说，传统银行巨头也在提供在线服务。然而，SoFi 是一家数字优先的银行，这种模式在许多行业中已变得流行——几乎成为常态。</p>
</div><p>The data shows that millennials and Gen-Z are substantially more likely than, say, baby boomers, to bank online. Here's the best part. Millennials are still entering their financial prime. Those in Gen Z, however, still have some distance to go before getting there. In other words, as these two groups age, start making more money, and seek out more loans to buy houses and other banking products, SoFi Technologies should benefit. It has become a leading, well-recognized online bank.</p>
<div class="lb-trans"><p>数据显示，千禧一代和 Z 世代在线银行的可能性远高于婴儿潮一代。最好的部分是，千禧一代仍在进入他们的财务巅峰。而 Z 世代则还有一段距离才能达到这一点。换句话说，随着这两个群体的年龄增长，收入增加，并寻求更多贷款以购买房屋和其他银行产品，SoFi Technologies 应该会受益。它已成为一家领先且广受认可的在线银行。</p>
</div><p>This could be an important tailwind for the next decade and even beyond. Now, there are reasons to be somewhat skeptical of the company's prospects. One of them is the company's relatively high reliance on riskier personal loans. That might be a problem in a recession because it exposes the company to significant default risk. Something else to be mindful of is valuation. SoFi's shares are trading at 47 times forward earnings, much higher than the 16.5 average for the financial sector.</p>
<div class="lb-trans"><p>这可能是未来十年甚至更长时间的重要助力。现在，对公司前景持怀疑态度的理由也存在。其中之一是公司对风险较高的个人贷款的相对依赖。在经济衰退时，这可能会成为一个问题，因为它使公司面临显著的违约风险。另一个需要注意的是估值。SoFi 的股价交易在未来收益的 47 倍，远高于金融行业的 16.5 倍平均水平。</p>
</div><p>At these levels, some of SoFi's success may already be baked into its share price. And any misstep could send the stock tumbling. Even with these potential issues in mind, SoFi Technologies' growing customer base and expanding pool of services make the stock attractive. The company's personal loan borrowers have a weighted average FICO score of 743 and an average income of $161,000. The average salary in the U.S. is less than half of that, and there tends to be an inverse relationship between income and default risk.</p>
<div class="lb-trans"><p>在这些水平上，SoFi 的一些成功可能已经反映在其股价中。任何失误都可能导致股价暴跌。即使考虑到这些潜在问题，SoFi Technologies 不断增长的客户基础和扩展的服务范围使得该股票仍然具有吸引力。该公司的个人贷款借款人加权平均 FICO 评分为 743，平均收入为 161,000 美元。美国的平均收入不到这个数字的一半，且收入与违约风险之间往往存在反向关系。</p>
</div><p>In other words, SoFi's clients are in much better financial health than the average, which helps mitigate its exposure to default risk. And even if it encounters some volatility in the short run due to its rich valuation, the company should perform well in the long run as it takes advantage of the evolving banking paradigm. In short, SoFi is an attractive growth stock to buy, especially with its shares trading for less than $30 apiece.</p>
<div class="lb-trans"><p>换句话说，SoFi 的客户在财务健康状况上远好于平均水平，这有助于降低其违约风险的暴露。即使由于其高估值在短期内遇到一些波动，该公司在长期内也应该表现良好，因为它将利用不断演变的银行范式。简而言之，SoFi 是一只具有吸引力的成长股，尤其是在其股价低于每股 30 美元的情况下。</p>
</div>

目前用 30 美元购买的最具潜力的成长股