SOFI - SoFi Stock Has 42% Upside According to 1 Wall Street Analyst
2024-04-09 08:44:02 ET
In December 2021, Citigroup initiated coverage of the recent SPAC IPO and "social finance" company SoFi Technologies (NASDAQ: SOFI) . Analyst Ashwin Shirvaikar predicted SoFi's "differentiated combination of consumer and enterprise services" and "member-centric approach" would "lead to rapid member growth and engagement."
He was right.
From 2021 through 2023, SoFi more than doubled its revenue from $977 million to $2.1 billion, according to S&P Global Market Intelligence -- and broke a seven-quarter-long losing streak, reporting its first-ever profit in Q4 of last year.
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SoFi Stock Has 42% Upside, According to 1 Wall Street Analyst