Reported 4 months ago
In May 2024, TheStreet reported that a Wall Street veteran trader revised the stock price targets for SoFi Technologies after the company issued disappointing guidance for the second quarter despite beating earnings and revenue expectations for the first quarter. Analysts expressed concerns about slower loan growth and revenue growth, leading to a decline in SoFi's stock. However, the company highlighted its positive first-quarter results, increased membership, and expected growth in the tech platform and financial services segments, aiming for adjusted revenue of $2.39 billion to $2.43 billion for the year.
Source: YAHOO