Truist Lifts SoFi Technologies (SOFI) PT to $29 Ahead of Q3 Earnings in Strong FinTech Environment

Group 1 - SoFi Technologies Inc. is projected to double in value over the next three years, with Truist raising its price target from $23 to $29 while maintaining a Hold rating [1][2] - The Q3 earnings results for the Payments and FinTech sector are expected to be strong due to healthy consumer spending, although there may be disappointing Q4 guidance for some companies due to tough year-over-year comparisons [2] - SoFi operates in various regions including the US, Latin America, Canada, and Hong Kong, and has three main segments: Lending, Technology Platform, and Financial Services [3] Group 2 - The overall outlook for the Payments and FinTech sector is mixed, with a recommendation for investors to be highly selective in stock choices [2]