SoFi Technologies price target raised to $13 from $9 at Keefe Bruyette

Keefe Bruyette analyst Timothy Switzer raised the firm’s price target on SoFi Technologies (SOFI) to $13 from $9 but keeps an Underperform rating on the shares. Shares have rebounded impressively over the last three months driven by several strong catalysts, particularly the pending revenue opportunities from the recently-announced crypto trading platform and significantly expanded student lending opportunity following the passage of Trump’s “Big, Beautiful Bill,” the analyst tells investors in a research note. Keefe Bruyette adds that the firm’s analysis indicates that upside scenarios for both products could generate at least a 3%-5% boost to revenue, and the firm is reflecting this possibility in its updated model and price target derivation. The firm maintains however that the stock has run past fundamental value despite the company’s exciting growth prospects and strong value proposition.