SoFi Technologies Inc. (NASDAQ:SOFI) is predicted to potentially double in value over the next three years. Truist raised the price target on SoFi to $29 from $23 ahead of its Q3 earnings report in the Payments and FinTech sector, which is expected to be strong due to healthy consumer spending.

Truist warns that Q4 guidance for some companies in the Payments and FinTech space may disappoint investors due to tough year-over-year comparisons. They advise investors to be selective in choosing stocks. SoFi Technologies Inc. provides financial services in the US, Latin America, Canada, and Hong Kong through its Lending, Technology Platform, and Financial Services segments.

While SoFi presents investment potential, some AI stocks may offer greater upside potential and less downside risk. Investors seeking undervalued AI stocks can explore options in the market. For more insights on potential stocks, readers can check out articles on stocks that are projected to double in the coming years.

Read more at Yahoo Finance: Truist Lifts SoFi Technologies (SOFI) PT to $29 Ahead of Q3 Earnings in Strong FinTech Environment