SoFi Technologies, Inc. (NASDAQ:SOFI) is one of the 10 Best Financial Stocks to Buy for the Long Term. Despite beating Wall Street estimates in the fourth quarter, SoFi Technologies, Inc. (NASDAQ:SOFI) has seen several price target cuts from analysts following the earnings report. On February 2, Needham analyst Kyle Peterson lowered the company’s price target on the stock from $36 to $33, while reaffirming a Buy rating.
The adjustment follows the company’s fourth-quarter results that exceeded Wall Street expectations in both earnings and revenue. The analyst highlighted strong performance and sustained growth in the company’s core on-balance sheet lending business, along with a faster-than-expected expansion of its capital-light lending platform. Management’s continued focus on high-margin growth areas within FinTech and capital-light was also seen as positive, according to the company.
Additionally, on February 2, TD Cowen also lowered its price target on SoFi Technologies, Inc. (NASDAQ:SOFI) from $25 to $24, maintaining a Hold rating. The company’s price target reflects a further 8.7% upside from current levels. According to the firm, the company’s fourth-quarter earnings growth was supported by a higher acceptance rate and stronger-than-expected lending platform business origination. Additionally, the analyst said SoFi’s 2026 guidance exceeded consensus expectations.
SoFi Technologies, Inc. (NASDAQ:SOFI) provides financial services in Canada, the United States, Hong Kong and Latin America. The company operates in the Technology Platform, Loans and Financial Services segments. Provides SoFi Credit Card, SoFi Relay, SoFi Protect, SoFi Travel, SoFi At Work, Lantern Credit and others.
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Disclosure: None. This article was originally published in Internal jumpsuit.