SoFi Technologies Inc. has set ambitious growth targets of 30% for member growth and 20% for revenue growth. The company's stock price has recently increased by 6.2% and is up 45.7% year to date. Although concerns about recession are affecting fintech firms, SoFi's stock has gained 185.2% over the last year. The company is expanding partnerships and exploring the crypto space, driving its goal of becoming a comprehensive financial services platform. Analysts have differing views on the stock's potential, with some upgrading and others downgrading it recently.
SoFi Technologies aims for 30% member growth and 20% revenue growth, while the share price has increased by 6.2% over the past week, performing well year to date.
With a 185.2% gain over the past year and outperforming the S&P 500, SoFi faces challenges as concerns over recession impact fintech stocks. Analyst ratings vary, with Barclays issuing an Equal Weight rating.
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