SoFi Expects to Earn 48% More in 2027. Is the Stock a Buy?

SoFi (SOFI) is pricing at roughly 17x forward earnings despite guiding to near-50% earnings growth, a gap that sits at the center of the bull case after the company raised 2026 guidance and issued its first 2027 forecast.

For 2027, SoFi expects adjusted net revenue of $6.4 billion, up 27% year over year, and adjusted EPS of $0.90, up 48%. The 48% EPS growth outpacing 27% revenue growth implies meaningful operating leverage, though that is interpretation, not company-stated detail.

The guidance follows record Q3 results. Revenue grew 44%, the company added 1.2 million members, and credit quality improved. The credit improvement matters most for a lender, since it speaks directly to the risk the bears raise.

The author argues the stock is undervalued relative to its growth, pointing to the roughly 17x forward multiple against near-50% earnings growth. The main risk flagged is exposure to consumer lending, which leaves SoFi sensitive to any deterioration in borrower health.

Interpretation: a multiple that low against that growth rate suggests the market is discounting execution or credit risk rather than the growth itself. If SoFi hits $0.90 in 2027, the multiple on those earnings compresses further at the current price.