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ubs raises sofi technologies price target amid strong growth outlook
UBS analyst Tim Chiodo raised SoFi Technologies' price target to $14 from $10.50 while maintaining a Neutral rating, following the company's optimistic fiscal 2025 revenue outlook of $3.2 to $3.275 billion, reflecting 23-26% growth. Despite strong recent performance, SoFi's adjusted EBITDA guidance for 2025 is below market expectations, leading to mixed analyst ratings, with Needham setting a target of $20 and Goldman Sachs at $9.50. Additionally, CEO Anthony Noto has entered a prepaid variable forward contract on company stock, receiving $22.4 million upfront.