SOFI: Up 28%! What is Your Target Price After Earnings?

SOFI stock jumped 28.39% on Wednesday, a day after the financial services company posted record quarterly revenue and raised guidance for fiscal 2022. 【Topic with Rewards】 What's your target price on SOFI after earnings?

User Discussion

avatarpredator007
2022-08-17
Sideways movement and fighting to make daily gains can be frustrating.My view is we’ve held on to the majority of our earnings day gains despite SoftBank activity.Seems SoFi is consolidating nicely, with new stronger owners and strong owners buying more.Added on this morning's sell off. Nice reward!$SoFi Technologies Inc.(SOFI)$
avatarFalafulu
2022-08-09
$SoFi Technologies Inc.(SOFI)$SoftBank Group Corp. is selling at least part of its 9% stake in SoFi Technologies Inc., part of a sweeping effort at the Japanese conglomerate to reduce costs and stem losses in the valuation of its technology-focused Vision Fund investment portfolio.

Why Softbanks selling on SOFI would not change the trend?

According to $SoFi Technologies Inc.(SOFI)$ SEC Documents filed on Monday, SoftBank sold part of its 9% stake,  which is about 5.4 million SoFi shares on August 5 at a weighted average price of $7.99. On Monday, SoftBank sold another 6.7 million shares at an average price of $8.17.It didn't change SOFI's trend, why?Generally speaking, the selling of major shareholders will reduce the confidence of investors, but under the circumstances that "major shareholders are pessimistic about the company's prospects". This time,&nb
Why Softbanks selling on SOFI would not change the trend?
avatarStickyRice
2022-08-07
SoFi have a good Q2SoFi $SoFi Technologies Inc.(SOFI)$reported Q2 2022 earnings on August 2nd, 2022. The following shows a quick summary of the results:* Revenue grew 57% y/y to about $362.5 million.* Adjusted EBITDA grew 81% y/y to about $20 million.* Net new members grew 69% y/y or about 450,000 new members for the quarter to about 4.3 million members.* The total product grew 79% y/y or about 702,000 products for the quarter to about 6.6 million products.The company showed strength in all aspects. Product growth drew member growth, which ultimately led to revenue growth.The second quarter marked the first full quarter after the bank charter approval, and as anticipated, the approval had a positive result on SoFi's opera
avatarStickyRice
2022-08-06

SoFi is a buy

It's been a difficult road for shareholders of SoFi Technologies (NASDAQ:SOFI) in 2022. Shares topped out after Q3 2021 earnings at $24.65 and declined by -$19.83 (-80.45%) to a low of $4.82 in 2022. Going into Q2 2022 earnings, shares of SOFI bounced off their lows to a closing price of $6.41 (32.99%) on 8/2 prior to the earnings release. SOFI delivered a top and bottom-line beat, provided their second guidance raise in 2022, and improved on every Key Performance Indicator (KPI) they track.In Q2 2022, SOFI generated $356.09 million of revenue which was a beat of $11.62 million and a YoY increase of 50.01%. SOFI's GAAP EPS showed that losses are narrowing as it came in at -$0.12, which was a beat of $0.01. SOFI's CEO Anthony Noto explained that they feel that free cash flow (FCF) is t
SoFi is a buy
avatarBig Cat
2022-08-05
My $SoFi Technologies Inc.(SOFI)$TP =30USD+, just like that analyst who put 30 USD+ TP & hot on the same day [Sly] .I just randomly give a numerical = did not DYODD [Smart]. DYODD before investing [OK] 
avatarHuiz84
2022-08-05
My target price could be 11-12, judging from the recent price movement.
avatarBenjiFuji
2022-08-05
SOFI's stock seems to have risen lately and it's quarterly revenue numbers have been encouraging. However i am still new to this company and still not certain about its moat. Can another bank, payment gateway or even Apple Pay take over it? Perhaps.I might take a bit more time to better understand this company. Small position inside only.Short term bullish, but long term bearish.What do you know about SOFI? Do share withme. Meanwhile here is a good reason why we should not listen too much from too much market recommendation. @TigerStars@CaptainTiger@MillionaireTiger
avatarStickyRice
2022-08-05
SoFi: The Market Is Probably Right This TimeSoFi's (NASDAQ:SOFI) $SoFi Technologies Inc.(SOFI)$shares soared 28% after the personal finance company submitted better-than-expected Q2'22 earnings and, despite continual pressure on the firm's student loan originations, SoFi unexpectedly raised its guidance for FY 2022. SoFi also benefited from strong customer acquisition momentum in Q2'22 that resulted in 450 thousand new members joining SoFi's ecosystem. With growth remaining this resilient after the pandemic and with the FY 2022 guidance seeing a nice raise, investors are getting a wake-up call that shares of SoFi have a lot more potential!SoFi benefited from strong customer acquisition rates in the second quarter. SoFi ac
avatarSG 88
2022-08-05
$SoFi Technologies Inc.(SOFI)$a social lending platform largely impacted by any changes to the Fed's interest rate hike. Having a hybrid savings and checking account with perks is not a bad thing, especially for low to mid income earners that is on monthly paycheckls.•With 1.5% interest on savings with no minimum balance required •No monthly maintenance fees charge•overdraft coverage up to $50, no overdraft fees•get 2 day early payday•Remote deposit check via smartphone•Cash back when you maintain monthly deposit of $500•Consolidated loans allowing you to borrow up to $100,000 with no origination fees with some cash bonus up to $1,000•one credit card that offers rewards you if save, invest or pay down your Sofi loan earning unl
avatarHeinn
2022-08-05
I believe in sofi 
avatarAndychen15
2022-08-04
avatarJoker_Smile
2022-08-04
$SoFi Technologies Inc.(SOFI)$short term price of $9 in Q3. Looking for $11 at the end of 2022.Recent positive earnings reports, compound with a great outlook propels its share by around 28%. Looking forward to its next earnings report to better results.Huat Ah! [Miser] 
avataralien75
2022-08-04
$SoFi Technologies Inc.(SOFI)$will not last long cos ppl will sell off when profit is made
avatarD.Billions
2022-08-04
$SoFi Technologies Inc.(SOFI)$$19 by mid of next year
avatarThalos
2022-08-04
I would not have doubt that this counter can 2X from current price. Vested interest. Comes to loan and money printing, what doesn't stirs interest on USFintech stocks?
avatarJZ8
2022-08-04
My target price for end of 2022 is actually $12.
avatarSuccess88
2022-08-04
$SoFi Technologies Inc.(SOFI)$Not very promising stock. Just a little happy. Soon will go down to $6.50

What is Your Target Price of SOFI After Earnings Beat Expectations?

$SoFi Technologies Inc.(SOFI)$: Shares of SoFi rose 28% after the company beat expectations with its latest results and signaled various benefits stemming from its bank charter.What is Your Target Price After Earnings?​Join the discussion here >>EarningsThe company reported a second-quarter net loss of $95.8 million, or $0.12 per share.SoFi posted adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) of $20 million, up from $11 million a year before.Revenue increased to $362 millio
What is Your Target Price of SOFI After Earnings Beat Expectations?
avatarrL
2022-08-04