Reported 9 months ago
Veteran analyst Stephen Guilfoyle, known for accurately predicting SoFi's stock movements, has increased his price target for SoFi Technologies to $13.25 following the fintech's impressive third-quarter results. The company's revenue surged 30% year-over-year, and net income exceeded expectations, fueling growth and member additions. Despite a slight drop in stock price post-earnings, Guilfoyle remains optimistic and plans to buy more shares, reaffirming a strong outlook for SoFi in the digital banking sector.
Source: YAHOO