SoFi's Transaction Revenue Skyrockets: Analyst Foresees Major Growth, Higher Valuation
Portfolio Pulse from Anusuya Lahiri
Needham analyst Kyle Peterson reiterated a Buy rating for SoFi Technologies (NASDAQ:SOFI) with a $10 price target, highlighting strong interchange revenue growth and the potential for higher valuation due to SoFi's tech products and solutions segment.
July 02, 2024 | 6:51 pm
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Needham analyst Kyle Peterson reiterated a Buy rating for SoFi Technologies with a $10 price target, citing strong interchange revenue growth and the potential for higher valuation due to SoFi's tech products and solutions segment.
The analyst's positive outlook on SoFi's interchange revenue growth and tech products segment suggests strong future performance. The reiterated Buy rating and $10 price target indicate confidence in the stock's potential to appreciate.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100