SoFi Technologies Inc. is eyeing significant growth metrics for its member base and revenue despite the looming worries of a recession impacting fintech stocks. Currently, its share price shows a modest uptick of 2.9% from the previous week, albeit it remains down 11.9% year-to-date. Notably, the company has reported a remarkable one-year gain of 86.7%. Investment firms have adjusted their price targets positively for SoFi, indicating overall confidence, while the company has expanded partnerships that could bolster its operational prospects.
SoFi Technologies aims for 30% member growth and 20% revenue growth, despite facing recession fears that have affected fintech stocks generally.
Morgan Stanley raised SoFi's price target from $7.50 to $13.00 while Needham increased its target from $13.00 to $20.00, giving it a Buy rating.
Collection
[
|
...
]