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Analysts Divided on SoFi Technologies’ Stock Potential Amid Strong Growth
Analysts Divided on SoFi Technologies’ Stock Potential Amid Strong Growth
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BTCCSquare news:
SoFi Technologies (SOFI) has seen its stock surge 21% in one month and 142% over the past year, driven by robust customer acquisition and product expansion. Despite this momentum, Wall Street remains cautiously optimistic, with average price targets suggesting potential downside from current levels.
First-quarter revenue grew 20%, accompanied by 800,000 new members. Stephens analyst Kyle Joseph initiated coverage with a $20 target, praising SoFi's diversified platform and customer acquisition model as buffers against economic headwinds. The fintech's performance contrasts with broader macro uncertainties, leaving analysts split on its trajectory.
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