SoFi Technologies beat should drive stock higher, says Mizuho

Mizuho analyst Dan Dolev says SoFi Technologies’ big beat on revenue and adjusted EBITDA are major positives of its Q4 results. Moreover, the promise to deliver positive GAAP net income in Q4 of 2023 should be well-received, as GAAP losses have been a key deterrent in 2022 for FinTech investors, the analyst tells investors in a research note. The firm believes the quarter should drive the stock higher and keeps a Buy rating on SoFi with a $6 price target.