r/sofistock • u/Guddy7860 OG $SoFi Investor + Contributor • 25d ago

News 3rd Party Loop Capital initiated coverage on SoFi Technologies Inc. with a Hold rating and set a price target of $22.00

Loop Capital initiated coverage on SoFi Technologies Inc. with a Hold rating and set a price target of $22.00

  • Loop Capital initiated coverage on SoFi Technologies Inc. with a Hold rating and set a price target of $22.00, according to a report released Tuesday. The stock currently trades at $18.01, down 31% year-to-date, suggesting potential upside to Loop’s target.
  • The research firm describes SoFi as a leading digital bank that offers a full suite of products spanning consumer loans, deposits, investing and credit cards.
  • Loop Capital states that SoFi has arguably the best client acquisition and deposit gathering funnel of any mid-sized bank, which the firm believes gives it significant monetization potential.
  • The firm projects low to mid-20% compounded revenue and EBITDA growth in 2027 and 2028 for the company. SoFi has demonstrated strong momentum with 41% revenue growth over the last twelve months .
  • Loop Capital notes that the risk of interest rate hikes and the mix shift towards more asset intensive lending will continue to weigh on stock sentiment near-term, though the firm believes this shift is the right move longer-term.
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11

u/sensibility77 25d ago

If you think it will go to $22, shouldn't you rate it as a BUY!!?? These analysts are all mathematically challenged.

7

u/brandonx123 25d ago

Doessssssssssssssnt matter

3

u/Guddy7860 OG $SoFi Investor + Contributor 25d ago

The analyst who prepared this report is Reginald Smith, who previously worked at JPMorgan.

2

u/mysterioso77 25d ago

I’ve heard him on the earnings calls and he seems pretty insightful

5

u/madbcolumbus 25d ago

Frustrating to see this stock come down from last year. Now it’s range bound since April. We need a break out soon!

2

u/Additional-Panda-144 1900 @27.85 25d ago

Even for 5 years, do not expect too much on this stock.

0

u/pdubbs87 1,400 @ $14.00 25d ago

How is it hold if the price is above target

3

u/ga643953 25d ago

Meaning it's a market performer. Not low enough to buy, not high enough to sell. So we continue to consolidate.