SoFi Technologies price target raised to $12 from $11 at Deutsche Bank

Deutsche Bank analyst Mark DeVries raised the firm’s price target on SoFi Technologies to $12 from $11 and keeps a Hold rating on the shares. SoFi announced solid Q4 numbers and a “much clearer picture” for the expected growth rates in each segment, the analyst tells investors in a research note. Although the company’s expectations for 2024 profitability came in below prior expectations, driven by an expected slowdown in lending and continued share issuance, Sofi’s anticipated revenue margin ramp in 2026 is ahead of the prior timeline, says Deutsche Bank.