In December 2021, initiated coverage of the recent SPAC IPO and "social finance" company SoFi Technologies (NASDAQ: SOFI). Analyst Ashwin Shirvaikar predicted SoFi's "differentiated combination of consumer and enterprise services" and "member-centric approach" would "lead to rapid member growth and engagement."

He was right.

From 2021 through 2023, SoFi more than doubled its revenue from $977 million to $2.1 billion, according to S&P Global Market Intelligence -- and broke a seven-quarter-long losing streak, reporting its first-ever profit in Q4 of last year.

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Source Fool.com