Loop Capital Starts SoFi Technologies (SOFI) at Hold

Loop Capital analyst Reginald Smith initiates coverage on SoFi Technologies (NASDAQ: SOFI) with a Hold rating and a price target of $22.00.

The analyst comments: “We are initiating coverage of SoFi Technologies, Inc. (SOFI) with a Hold rating and a $22 12-month price target. SoFi is a leading digital bank, offering a full-suite of products spanning consumer loans, deposits, investing and credit cards, and has arguably the best client acquisition and deposit gathering funnel of any mid-sized bank, which we believe gives it significant monetization potential. We see low to mid-20% compounded revenue and EBITDA growth in ’27 and ’28 but think the risk of interest rate hikes and the mix shift towards more asset intensive lending, which we think is the right move longer-term, will continue to weigh on stock sentiment near-term.”

For an analyst ratings summary and ratings history on SoFi Technologies click here. For more ratings news on SoFi Technologies click here.

Shares of SoFi Technologies closed at $18.01 yesterday.

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