SoFi Technologies Shares Slip 2.4% as Analysts Trim Targets; PayPal Seen Near Bottom

SoFi Technologies Inc. (NASDAQ:SOFI) saw its share price fall 2.4% on Wednesday, trading as low as $18.23 and closing near $18.25. Trading volume was about 56.5 million shares, roughly 20% below its average. Several analysts adjusted their outlooks: Deutsche Bank reaffirmed a “hold” rating with an $18.00 target, Keefe, Bruyette & Woods cut its price objective to $17.00 and changed its rating to “underperform,” and Needham lowered its target to $24.00 while maintaining a “buy” rating. Overall, the stock holds a consensus “hold” rating with an average target of $22.38. SoFi reported quarterly earnings of $0.12 EPS, beating the consensus estimate of $0.11, with revenue of $1.21 billion.

PayPal Holdings Inc. (NASDAQ:PYPL) is described by analysts as potentially having reached a long‑term bottom, supported by renewed merger‑and‑acquisition interest and accelerating transaction volumes in its Venmo, Braintree and buy‑now‑pay‑later services. Management announced a $1.5 billion cost‑savings program and projects free‑cash‑flow growth from $6 billion to $6.6 billion within two years. These factors are cited as drivers for a possible turnaround and future stock outperformance.