SoFi Technologies Gains Bullish Analyst Sentiment After Strong Q3 Earnings
SoFi Technologies (SOFI) surged past Wall Street expectations with a robust Q3 earnings report, prompting upward revisions from top analysts. Revenue climbed 38% year-over-year to $950 million, while adjusted EPS of $0.11 exceeded consensus estimates. The fintech's record $408.7 million in fee-based revenue—a 50% annual increase—was driven by its Loan Platform segment.
Jefferies analyst John Hecht highlighted crypto trading and stablecoins as growth catalysts in a capital-light model, raising his price target to $35. The company lifted its 2025 revenue guidance to $3.54 billion and adjusted EPS forecast to $0.37, signaling confidence in sustained momentum amid falling interest rates.