SoFi Technologies Inc. saw its stock fall significantly amid market-wide tariff dips, dropping 30.9% year to date despite a one-year gain of 41.1%. Analysts have mixed views, with Morgan Stanley upping its price target to $13 but rating it 'underweight', while Needham improved its target to $20 with a 'Buy' rating. Strong earnings of $0.05 per share surpassed estimates but cautious guidance for the coming year disappointed investors, contributing to ongoing sell-offs. The company aims to cater to an affluent demographic and is focused on becoming a comprehensive financial platform as it grows its deposit base.
Shares of SoFi Technologies Inc. plummeted 30.9% year to date amid market tariff concerns, even despite a strong year-over-year gain of 41.1%.
Morgan Stanley raised SoFi's price target to $13.00, indicating it considers the stock 'underweight', while Needham upgraded it to a 'Buy' with a target of $20.00.
Despite beating fourth-quarter earnings estimates with per-share earnings of $0.05, SoFi's disappointing forward guidance dampened investor sentiment, leading to a sell-off.
SoFi Technologies is positioning itself as a comprehensive financial solutions platform, backed by robust growth strategies and an increasing deposit base that promises future potential.
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