SOFI - SoFi's Transaction Revenue Skyrockets: Analyst Foresees Major Growth Higher Valuation | Benzinga
Needham analyst Kyle Peterson reiterated SoFi Technologies, Inc (NASDAQ:SOFI) with a Buy rating and a $10 price target.
Peterson is impressed by SoFi’s interchange revenue growth and noted it as a sign of strong user engagement in its core customer base.
While interchange is a small piece of the overall business, the analyst expects it to remain one of SoFi’s fastest-growing products. Given its lower capital intensity and lack of credit risk relative to lending, the business should be valued like a payments asset, as per Peterson.
The analyst expects interchange to garner attention as it grows ...