Mizuho raised the firm’s price target on SoFi Technologies (SOFI) to $26 from $20 and keeps an Outperform rating on the shares. The firm says the company’s Q2 report was strong across all important metrics. SoFi’s home lending origination grew over 90%, which is “simply the beginning” as it was done in a still weak housing mortgage market, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOFI:
- Cathie Wood ‘Buys the Dip’ in SOFI Stock after $1.5B Offering, Cuts Roku and JOBY Stakes
- SoFi Technologies Reports Robust Q2 Earnings Growth
- Cathie Wood’s ARK Investment buys 328.5K shares of SoFi Technologies today
- Mixed options sentiment in SoFi Technologies with shares down 4.11%
- Video: Starbucks moving after earnings, Peloton up after upgrade