SoFi Technologies' Growth Potential Has Caught the Eyes of Analysts
On Sept. 22, an analyst upgraded SoFi to a price target of $25, causing the stock price to jump over 10%. One of the main reasons for the price target upgrade is SoFi's ability to cross-sell its products to current users. In August, SoFi reported its second-quarter 2021 earnings and saw 113% year-over-year growth in members, 123% YOY growth in financial products, 74% YOY growth in adjusted revenue, and 119% YOY growth in its Galileo accounts.
