Wall Street Says SoFi Stock Could Climb 39% In a Year

Core Insights - SoFi's stock has increased nearly 108% in six months, driven by strong quarterly results and an improving interest rate environment [1][3] - The company has transitioned to a lower-risk, fee-driven, non-lending model, enhancing its balance sheet and generating more predictable earnings [2] - The macroeconomic backdrop is expected to become more supportive, with anticipated declines in interest rates potentially unlocking additional profitability for SoFi [3] Financial Performance - SoFi's revenue growth has accelerated across all business segments, indicating a transition to a more durable and diversified financial platform [1] - The highest current price target for SoFi stock is $38 per share, suggesting a potential upside of approximately 39% from the recent closing price of $27.40 [4] Business Strategy - The company is focusing on expanding its member base and increasing fee-based revenue, supported by strategic investments [5] - Cross-buy activity has improved, with 40% of new products opened by existing members, reflecting the effectiveness of SoFi's all-in-one platform strategy [6]