SOFI - What's Going On With SoFi Technologies Stock Tuesday? | Benzinga
SoFi Technologies Inc (NASDAQ:SOFI) shares are trading lower Tuesday. One analyst firm lowered its price target on the stock ahead of earnings.
What To Know: Keefe, Bruyette & Woods analyst Timothy Switzer maintained SoFi with a Market Perform rating on Tuesday, but lowered the price target from $7.50 to $7.
The news comes as SoFi gears up to report earnings at the end of the month. SoFi is due to report second-quarter financial results before the market open on July 30. Analysts currently expect the company to report earnings of 1 cent per share and revenue of $563.973 million. It’s worth noting that SoFi has a strong track record of meeting or exceeding earnings estimates, according to Benzinga Pro.
SoFi also announced Tuesday that its Galileo Financial Technologies arm is now providing fintechs with wire transfer capabilities, allowing them to offer ...