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SoFi's Business Model & Strong Execution Make This Analyst Remain Bullish

  • After meeting with SoFi Technologies, Inc (NASDAQ: SOFI) CFO at the firm's Annual Software Summit, Mizuho analyst Dan Dolev reiterated a Buy rating and $8 price target.

  • Also Read: Analyst Upgrades SoFi Technologies, Says Potential Student Loan Refinancing Boom Is Coming

  • He was encouraged to learn more about the resiliency of its high-FICO borrowers; hedging measures; low loan losses and delinquency rates; Galileo's unique transaction-based pricing model offering protection against a weaker economy; renewed opportunities in student loan refinancing despite recent debt forgiveness; and, the expected roll-off of the PSU SBC burden in 1Q 2024.

  • Overall, he continues to believe in SOFI's resilient business model & strong execution.

  • Price Action: SOFI shares traded lower by 6.76% at $4.89 on the last check Thursday.

Latest Ratings for SOFI

Date

Firm

Action

From

To

Mar 2022

Piper Sandler

Initiates Coverage On

Neutral

Mar 2022

Morgan Stanley

Maintains

Overweight

Mar 2022

Credit Suisse

Maintains

Neutral

View More Analyst Ratings for SOFI

View the Latest Analyst Ratings

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