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Stock impact report

Veteran fund manager who predicted SoFi's stock rally updates outlook after earnings [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
The veteran fund manager wrote in a recent column that he doesn't like to write about the same stock more than once a month. Related: Veteran trader updates view on Rocket Lab USA, SoFi before earnings "And I really, really don't like to write on the same stock twice within two weeks, especially when I was off for a week in the middle," he said. "This is, however, a necessary update." Guilfoyle felt compelled to write up SoFi, after the fintech's shares surpassed the $10.25 price target that he had reiterated on Oct. 9. Don't miss the move: SIGN UP for TheStreet's FREE Daily newsletter He promptly boosted his price target to $13.25, but then SoFi reported better-than-expected third-quarter earnings and he banged out another column on Oct. 29. Brian Ach/Getty Images for TechCrunch "This quarter was the strongest quarter in our history," Chief Executive Anthony Noto said in a statement "Our results reflect how SoFi is consistently achieving durable growth, how our Show less Read more
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