SoFi Stock: Why Two Analysts See 70% Upside Potential
TLDR
- Citi analyst Peter Christiansen set a $30 price target on SOFI, implying ~70% upside from current levels
- Piper Sandler initiated coverage at Overweight with a $22 price target, sending SOFI up 2.13% premarket
- SoFi’s Q2 revenue hit $1.2 billion, up 40% year over year, with record originations of $14.8 billion
- Products grew 43% year over year in Q2, outpacing member growth of 35%
- Wall Street consensus remains Hold, with an average price target of $20.23
SoFi Technologies stock is trading around $17.65, down 3.55% recently, but two analyst calls are putting a spotlight on the fintech’s upside potential.
Citi’s Peter Christiansen is the most bullish voice on Wall Street when it comes to SOFI. He has a $30 price target on the stock, which works out to roughly 70% upside from current levels.
Christiansen says SoFi’s Q2 results showed a clear shift toward more durable growth. The company beat estimates on revenue, EBITDA, and credit quality when it reported on July 29.
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