Reported about 1 month ago
Veteran trader Stephen Guilfoyle updated his price target for SoFi Technologies to $10.25, citing strong Q2 inflows and improved spending as reported by CEO Anthony Noto. SoFi's financial services and tech platform revenues saw significant growth, benefiting from trends in student loan refinancing following a Supreme Court ruling. Noto expressed confidence in the company's outlook, highlighting a 50% increase in inflows and robust credit performance.
Source: YAHOO