SoFi Technologies (SOFI, Financial) has received an Outperform rating from Citizens JMP, accompanied by a $17 price target. This target suggests a potential 38% increase from the stock's current levels, highlighting a promising outlook for the company.
The financial firm points to SoFi's robust growth trajectory and improving profitability as key factors for the positive rating. Analysts believe that the company's earnings potential is currently undervalued by the market, presenting a compelling opportunity for long-term investors.
Citizens JMP identifies SoFi as being at a pivotal moment, with significant earnings potential ahead. The company is positioned well within its substantial addressable market, demonstrating proven growth capabilities.
