SoFi’s Q2 earnings showed explosive user growth and a bold revenue forecast bump—but the stock still plunged 9% as investors question if the growth is sustainable. While personal loans and financial services are booming, the tech division took a hit after losing a major client. Analysts are split: some call it a “lower-quality beat” tied to balance sheet expansion, others see it as a long-term play. But with the stock down 42% this year and valuation anchored to bank-like tangible book value, SoFi’s lofty price tag may still be too rich for now.
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