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A Quick Look at Today's Ratings for SoFi Technologies(SOFI.US), With a Forecast Between $13 to $13

Futu News ·  Oct 30 21:00  · Ratings

On Oct 30, major Wall Street analysts update their ratings for $SoFi Technologies (SOFI.US)$, with price targets ranging from $13 to $13.

Jefferies analyst John Hecht maintains with a buy rating, and sets the target price at $13.

Mizuho Securities analyst Dan Dolev maintains with a buy rating.

Needham analyst Kyle Peterson maintains with a buy rating, and adjusts the target price from $10 to $13.

BTIG analyst Vincent Caintic maintains with a hold rating.

Furthermore, according to the comprehensive report, the opinions of $SoFi Technologies (SOFI.US)$'s main analysts recently are as follows:

  • SoFi Technologies reported an adjusted revenue that surpassed expectations, primarily propelled by fee generation from the loan platform business, which compensated for a 7% discrepancy in expenses. The analysis suggests that SoFi is increasingly focusing on fee-based revenue from its lending platform, which is deemed a favorable shift.

  • SoFi Technologies' Q3 results surpassed expectations, fueled by an uptick in origination, net interest income, and non-interest revenue, stemming from the introduction of a new loan platform. Additionally, the company's guidance for FY24 was revised upwards, exceeding the positive surprise of the Q3 results. The company is deemed to be strategically poised to benefit from a rate cut environment.

Here are the latest investment ratings and price targets for $SoFi Technologies (SOFI.US)$ from 4 analysts:

StockTodayLatestRating_nn_80650896107896_20241030_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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