William Blair analyst Andrew Jeffrey has reiterated their bullish stance on SOFI stock, giving a Buy rating today.
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Andrew Jeffrey has given his Buy rating due to a combination of factors that highlight SoFi’s strong performance and potential for growth. The company’s stock has shown significant strength, with a notable increase year-to-date, and there are expectations for continued gains following a successful third quarter. SoFi is positioned as an emerging leader in digital finance, with ambitions to become a top U.S. bank, and it has a substantial opportunity to expand its total addressable market.
Furthermore, SoFi’s progress in key areas such as record new member additions, strong credit performance, and robust growth in its loan platform business underscores its potential. The company has also demonstrated impressive fee-based revenue growth and is expected to achieve substantial revenue growth by 2026. Despite concerns about consumer credit health, SoFi’s superior loan performance and increased demand for its offerings suggest a flight to quality. Additionally, the company’s ability to drive monetization through increased product usage among its members further supports the positive outlook.
In another report released today, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $33.00 price target.