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

SoFi Technologies Inc. (NASDAQ:SOFI) is one of the stocks that should double in 3 years. On October 24, Truist raised the price target on SoFi Technologies to $29 from $23 and maintained a Hold rating on the shares as part of a broader research note, which previewed Q3 2025 earnings in Payments and FinTech.

Q3 results are expected to be strong across the Payments and FinTech sector due to continued healthy consumer spending. However, Truist warns that the Q4 guidance for some companies may disappoint the Street. The anticipated weakness is attributed to tough year-over-year comparisons following a very strong holiday spending season in Q4 last year. Given this mixed outlook, the firm advises investors to remain highly selective when choosing stocks in the Payments and FinTech space.

SoFi Technologies Inc. (NASDAQ:SOFI) provides various financial services in the US, Latin America, Canada, and Hong Kong. It has three segments: Lending, Technology Platform, and Financial Services.

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Disclosure: None. This article is originally published at Insider Monkey.