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SoFi Technologies (SOFI) Stock Rises on Fed Rate Cut Speculation and Crypto Expansion
SoFi Technologies (SOFI) Stock Rises on Fed Rate Cut Speculation and Crypto Expansion
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BTCCSquare news:
SoFi Technologies (SOFI) shares gained momentum Monday as markets digested Federal Reserve signals of potential interest rate cuts. The fintech firm's stock has surged 70% year-to-date, buoyed by analyst upgrades and bullish revenue projections of $5.1 billion by 2028.
The company's diversification into crypto products and upcoming international remittance services appears strategically timed. With lending growth and higher-margin services driving expansion, SoFi now ranks among Wall Street's top performers in 2025. Trading volume suggests sustained institutional interest, though analyst price targets remain divergent—ranging from Mizuho's $26 'Outperform' rating to Morgan Stanley's more cautious $13 projection.
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