Story perspectives

SoFi Shares Surge 3.6% After Price Target Boost

9/19/2025

Summary

Story summary

SoFi Technologies (NASDAQ: SOFI) shares increased by 3.6% after Mizuho raised its price target from $26 to $31, keeping an "outperform" rating.
The stock hit a 52-week high of $28.58, marking a 247% gain over the past year.
Analysts have a consensus rating of "Hold" with an average price target of $19.89.
SoFi reported Q2 earnings of $0.08 per share, with revenue rising 43% year-over-year to $855 million.
The company expects adjusted net revenue of $3.235 billion to $3.310 billion for 2025.

History

Historical Context

The SPAC boom in 2021 enabled fintech companies like SoFi Technologies to go public, reflecting a broader trend in digital financial services. Founded in 2011, SoFi reported a 43% revenue increase to $855 million, driven by rising demand. This surge in investor enthusiasm, highlighted by SoFi's stock reaching a 52-week high of $28.58, indicates a potential shift in traditional banking practices.

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Story summary

SoFi Technologies (NASDAQ: SOFI) shares increased by 3.6% after Mizuho raised its price target from $26 to $31, keeping an "outperform" rating.
The stock hit a 52-week high of $28.58, marking a 247% gain over the past year.
Analysts have a consensus rating of "Hold" with an average price target of $19.89.
SoFi reported Q2 earnings of $0.08 per share, with revenue rising 43% year-over-year to $855 million.
The company expects adjusted net revenue of $3.235 billion to $3.310 billion for 2025.

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