Citi analyst Ashwin Shirvaikar keeps a Buy rating on SoFi Technologies with a $10 price target following the Q2 report. Strong personal loan origination and deposit growth as well as execution on cross-buying led to the beat, the analyst tells investors in a research note. The firm says SoFi’s higher full year projection incorporates the beat, a continuation of Q2 business momentum and tight operating leverage. Citi notes the outlook supports it positive view on the stock.
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