SoFi Technologies Inc. targets a 30% increase in member growth and a 20% increase in revenue. The stock price has increased by 5.3% over the past week and is 51.2% higher year-to-date, with a one-year gain of 252.3%. Recession concerns are affecting fintech stocks, leading to various ratings from analysts. SoFi recently expanded its partnership with Capitalize and announced a $2 billion extension of its loan platform agreement with Fortress Investment Group. It went public in June 2021 after merging with a SPAC, transitioning towards a broad array of financial services.
SoFi Technologies Inc. has targeted 30% member growth and 20% revenue growth, with the current stock price up 5.3% and 51.2% increase year-to-date.
Despite worries about recession affecting fintech stocks like SoFi, Barclays reiterated an Equal Weight rating with an $18 price target, while Needham maintained a Buy rating at $25.
SoFi has expanded its partnership with Capitalize for 401(k) transfers and announced a $2 billion extension with Fortress Investment Group for personal loans.
After going public in June 2021 through a merger with a SPAC, SoFi transitioned from a student loan firm to a broader financial services provider.
Collection
[
|
...
]