SoFi's Potential for Above-Average Revenue and EBITDA Growth Despite Macro Risks: Analyst Highlights
Portfolio Pulse from Anusuya Lahiri
Truist Securities analyst Andrew Jeffrey reiterated a Buy rating for SoFi Technologies, Inc with a $11 price target. Despite macro risks, Jeffrey believes SoFi's co-specific drivers significantly outweigh external risks. He sees SoFi's high APY-savings accounts and leading tech as competitive advantages. He also raised his 2Q23 revenue/EBITDA estimates for SoFi to $273 million/$65 million from $268 million/$44 million. However, he lowered his 2H23 EBITDA estimate to $150 million from $159 million.
July 14, 2023 | 6:37 pm
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SoFi Technologies, Inc has been reiterated with a Buy rating and a $11 price target by Truist Securities analyst Andrew Jeffrey. He sees SoFi's high APY-savings accounts and leading tech as competitive advantages.
The analyst's positive outlook on SoFi, despite macro risks, is based on the company's specific drivers and competitive advantages. He also raised his 2Q23 revenue/EBITDA estimates for SoFi, indicating a positive short-term impact on the company's stock.
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