SoFi Technologies, Inc. (NASDAQ:SOFI) is among the top 10 financial stocks for long-term investment, despite analysts cutting price targets after a strong Q4 earnings report. Needham and TD Cowen both lowered price targets while maintaining Buy and Hold ratings, citing positive performance and growth in core lending businesses.
SoFi Technologies, Inc. (NASDAQ:SOFI) exceeded Wall Street expectations in Q4, with strong on-balance-sheet lending performance and accelerated growth in capital-light loan platforms. Analysts noted management’s focus on high-margin FinTech growth areas as a positive, leading to price target reductions with Buy and Hold ratings.
SoFi Technologies, Inc. (NASDAQ:SOFI) offers financial services in multiple regions, including Canada, the US, Hong Kong, and Latin America. Operating in Technology Platform, Lending, and Financial Services segments, the company provides various products like the SoFi Credit Card, SoFi Relay, SoFi Protect, and more.
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Read more at Yahoo Finance: SoFi Technologies (SOFI) Receives Price Target Cuts Post Earnings
