Stephen Guilfoyle, a seasoned Wall Street veteran since 1987, offers insights into stock market trends. His successful track record spans through various market crises and booms, blending technical and fundamental analysis for stock picks. Guilfoyle’s top picks for 2024 and 2026 include Advanced Micro Devices and SoFi Technologies, highlighting dynamic CEOs.
Banking has evolved from traditional branches to digital platforms. A significant shift towards mobile banking is evident, with 55% using mobile apps for transactions. Generation Z and Millennials lead in app usage, while Baby Boomers prefer online banking via laptops. The trend reflects changing consumer preferences and ease of online banking.
Digital banking revolutionizes the industry, with major banks like Bank of America embracing online platforms. Branch closures and online tools cater to customers’ demand for convenient banking options. Fintech players like SoFi Technologies offer all-online services, appealing to tech-savvy customers comfortable with digital banking.
The shift towards digital banking signifies a changing landscape in the financial sector, with traditional brick-and-mortar branches giving way to online platforms. Customers, especially younger generations, prefer the flexibility and convenience of digital banking, prompting banks to enhance their online offerings. SoFi Technologies stands out as a leading fintech player in this digital transformation. SoFi Technologies, founded in 2011, has grown into a significant financial institution offering various services. By 2020, it reached 1 million members and listed shares on Nasdaq in 2021 via a SPAC merger. In 2022, it acquired Golden State Bank to obtain its bank charter.
With a market capitalization of $35 billion, $45 billion in total assets, and $3.3 billion in revenue over the past 12 months, SoFi Technologies aims to expand further. CFO Chris LaPointe expects to add over 3.5 million members and generate $3.54 billion of adjusted net revenue in 2025.
SoFi Technologies continues to invest in growth, reporting $962 million in revenue in the third quarter of 2025, up 38% year over year. CEO Anthony Noto is focused on accelerating investment in existing businesses and entering new areas like crypto, blockchain, AI, and more.
The strong results prompted Noto to boost SoFi’s full-year 2025 guidance, targeting $3.54 billion in revenue and net income of $455 million. Wall Street’s consensus view for the fourth quarter is for EPS of $0.12 on revenue of $986.5 million, with revenue expected to grow to $4.44 billion in 2026.
Despite a “bearish posture” in SoFi’s stock price chart, relative strength, and MACD, analyst Guilfoyle remains optimistic about buying SoFi Technologies stock. He sees any short-term weakness as an opportunity to buy shares for potential gains down the road, with an optimal “buy zone” around $23. SoFi stock could potentially rise to $36 according to Wall Street veteran Guilfoyle, who also sees a long-term target of $100. JP Morgan raised its price target to $31 from $28. Todd Campbell owns shares in SoFi Technologies. Wall Street remains optimistic about SoFi’s potential growth.
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