SoFi Technologies experienced a volatile year in the stock market, but analysts remain bullish on its potential, with a wide range of financial products and services available.
Despite the better-than-expected results, Sofi shares are dipping lower Tuesday after falling 10% on Monday. Following the print, Wedbush analyst David Chiaverini reiterated Sofi with an Underperform and maintained a $3 price target on the stock. Needham reiterated its Buy rating and maintained a $10 price target.
Analysts foresee potential impact on SoFi Technologies' fair value marks due to weakening credit quality, despite optimism in tech growth and total capital ratio comfort.