In a report released today, Andrew Jeffrey from Truist Financial assigned a Buy rating to SoFi Technologies (SOFI – Research Report), with a price target of $14.00. The company’s shares closed yesterday at $7.68.
Jeffrey covers the Technology sector, focusing on stocks such as Affirm Holdings, Block, and Euronet Worldwide. According to TipRanks, Jeffrey has an average return of 14.4% and a 66.53% success rate on recommended stocks.
In addition to Truist Financial, SoFi Technologies also received a Buy from Mizuho Securities’s Dan Dolev in a report issued on March 8. However, yesterday, Piper Sandler reiterated a Hold rating on SoFi Technologies (NASDAQ: SOFI).
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Based on SoFi Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $537.21 million and a GAAP net loss of $266.68 million. In comparison, last year the company earned a revenue of $423.99 million and had a GAAP net loss of $74.21 million
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SoFi Technologies (SOFI) Company Description:
SoFi Technologies is an online personal finance and bank holding company. It offers lending and financial services products, including student, home, and personal loans. It also provides technology products and solutions. SoFi closed a bank merger and became a bank holding company in 2022.
Read More on SOFI:
- SoFi Technologies (NASDAQ:SOFI) Is Intriguing, But Not at This Price
- SoFi Technologies price target lowered to $8 from $8.50 at Piper Sandler
- SoFi Technologies EVP Aaron Webster Announces Departure
- Notable open interest changes for March 8th
- Cathie Wood’s ARK Investment bought 726K shares of SoFi Technologies today
