Movement Alert｜SoFi Technologies Inc. Intraday Rise 5.06% in Regular Trading, Analyst Price Targets Offered Support Ahead of Earnings

Market Focus10-16

On October 16, SoFi Technologies Inc. rose 5.06% in Regular Trading, trading at $14.9491 per share, with turnover of $6.79 billion.

The clearest published catalyst was continued support from analyst coverage ahead of the company’s next earnings release on October 27. Recent rating actions included a Hold initiation from Loop Capital with a $22 price target, a Sector Outperform initiation from Scotiabank with a $25 price target, and an Overweight-equivalent rating from Piper Sandler with a $22 target, all above the current trading level.

Earlier company-specific developments also provided constructive background. SoFi Technologies Inc. reported June-quarter adjusted EPS of $0.12 on revenue of about $1.21 billion, both above consensus, and raised its full-year adjusted net revenue outlook to $4.75 billion-$4.85 billion. Separately, the company launched stablecoin settlement across Mastercard’s network and said it is migrating its roughly $25 billion card program to that infrastructure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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