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SoFi (SOFI) Shares Surge 16% on Beat-and-Raise, Analyst Sees 30% in Further Upside Potential

November 11, 2021 7:09 AM EST

Shares of SoFi Technologies (NASDAQ: SoFi) are up about 16% in pre-open Thursday after the company reported better-than-expected Q3 results.

SoFi reported Q3 EPS of ($0.05) to easily beat the analyst estimate of ($0.16). Revenue for the quarter came in at $272 million versus the consensus estimate of $255.63 million.

I believe weve accomplished more at SoFi across our uniquely diversified platform of mobile-first financial services... More