SoFi Technologies (SOFI) Tops Q1 EPS by 1c ; Offers Guidance

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SoFi Technologies (SOFI) PT Lowered to $9 at BofA Securities

April 30, 2024 6:11 AM EDT

BofA Securities analyst Mihir Bhatia lowered the price target on SoFi Technologies (NASDAQ: SOFI) to $9.00 (from $9.50) while maintaining a Neutral rating.

The analyst comments "Neutral-rated SoFi Technologies (SOF) reported 1Q24 adj. revenue/EBITDA of $581M/$144M well above BofAe/consensus at $564M/$123M and... More

SoFi Technologies (SOFI) PT Lowered to $7.50 at UBS

April 30, 2024 6:02 AM EDT

UBS analyst Tim Chiodo lowered the price target on SoFi Technologies (NASDAQ: SOFI) to $7.50 (from $8.00) while maintaining a Neutral rating.

The analyst comments "SoFi reported adjusted net revenue of $581mm (~4% above Street) driven by beats in Lending and Other revenue, while Financial Services and Technology Platform missed. Adjusted EBITDA of $144mm came in better than... More

SoFi Technologies (SOFI) PT Lowered to $11 at Deutsche Bank

April 30, 2024 5:29 AM EDT

Deutsche Bank analyst Mark DeVries lowered the price target on SoFi Technologies (NASDAQ: SOFI) to $11.00 (from $12.00) while maintaining a Hold rating.

The analyst comments "We do view the shares as fundamentally undervalued, but given the volatility of the stock and how... More

SoFi (SOFI) rises as company hikes 2024 EBITDA guidance after Q1 beat

April 29, 2024 7:08 AM EDT

Shares of SoFi Technologies (NASDAQ: SOFI) climbed more than 4% in premarket trading Monday after the company raised its EBITDA guidance for the full fiscal year, beating consensus projections.

For the fiscal Q1 2024, SoFi posted Q1 earnings per share (EPS) of $0.02, surpassing the consensus estimate of $0.01.... More