Sofi Techs News Today

Despite the better-than-expected results, Sofi shares are dipping lower Tuesday after falling 10% on Monday. Following the print, Wedbush analyst David Chiaverini reiterated Sofi with an Underperform and maintained a $3 price target on the stock. Needham reiterated its Buy rating and maintained a $10 price target.

SoFi is set to report its first-quarter financial results before the market open on Monday, April 29 and will host a conference call at 8:00 a.m. ET the same day. According to estimates from Benzinga Pro, analysts expect the company to report earnings of 1 cent per share and quarterly revenue of $555.997 million.

Keefe, Bruyette & Woods analyst Timothy Switzer upgraded SoFi Technologies from Underperform to a Market Perform rating and raised the price target from $6.50 to $7.50 last week. "Assuming a stable macro environment, SOFI should now be able to maintain its pace of originations (crucial to supporting revenue given the immediate FV mark benefit) for a full year without needing to raise capital or find a meaningful purchaser of its loans," the analyst wrote.