SoFi Technologies (SOFI) Receives Price Target Cuts Post Earnings

Core Insights - SoFi Technologies, Inc. (NASDAQ:SOFI) is recognized as one of the top 10 financial stocks for long-term investment despite recent price target reductions by analysts following its fourth-quarter earnings report [1] Group 1: Earnings Performance - The company's fourth-quarter results exceeded Wall Street expectations in both earnings and revenue, showcasing solid performance in its core on-balance-sheet lending business [2] - Analysts noted a faster-than-expected scaling of SoFi's capital-light loan platform, which contributed positively to the earnings beat [2][3] - SoFi's 2026 guidance was reported to be above consensus expectations, indicating strong future growth potential [3] Group 2: Analyst Ratings and Price Targets - Needham analyst Kyle Peterson reduced the price target from $36 to $33 while maintaining a Buy rating, reflecting a positive outlook despite the cut [1] - TD Cowen lowered its price target from $25 to $24 but kept a Hold rating, indicating an 8.7% upside from current levels [3] Group 3: Company Overview - SoFi Technologies, Inc. provides a range of financial services across multiple regions, including Canada, the United States, Hong Kong, and Latin America [4] - The company operates in various segments such as Technology Platform, Lending, and Financial Services, offering products like the SoFi Credit Card, SoFi Relay, and Lantern Credit [4]