Tue Apr 29 10:00:00 UTC 2025: ## SoFi’s Explosive Growth Fuels Analyst’s Buy Recommendation Despite Mixed Street Sentiment

**NEW YORK, NY – [Date of Publication]** – SoFi Technologies (NASDAQ:SOFI) is attracting significant attention from analysts, despite its relatively small current market share in the financial services sector. Devin Ryan, a highly-ranked analyst at Citizens JMP Securities, has initiated coverage of SOFI with an “Outperform” rating and a $17 price target, implying a potential 29% upside.

Ryan highlights SoFi’s impressive five-year track record: over 40% compound annual revenue growth, a 900% increase in membership since 2019 to over 10 million, and a significant rise in products per member. He attributes this success to SoFi’s “powerful growth algorithm,” its modern app ecosystem, and its strategic control over its economic value chain.

SoFi’s achievement of GAAP profitability in 2024 across all three core segments (Lending, Financial Services, and Technology) is another key factor cited by Ryan. He projects 25% revenue growth in 2025 and 22% in 2026, with earnings growth exceeding revenue growth due to increasing operating leverage. Ryan’s long-term outlook is even more bullish, forecasting revenue exceeding $9 billion and earnings per share (EPS) above $1.75 by 2030.

While acknowledging SoFi’s current valuation may seem high based on trailing P/E ratios, Ryan argues that the long-term growth potential makes it “quite attractive.” He expects significant outpacing of revenue growth by EBITDA and EPS, solidifying his bullish prediction.

However, the overall Street sentiment is more cautious, with a consensus “Hold” rating based on a mix of buy, hold, and sell recommendations. The average price target of $12.94 suggests a potential 2% downside. Despite this divergence, Ryan’s strong endorsement underscores the potential for significant growth in the future for SoFi. Investors are advised to conduct thorough research before making any investment decisions.

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