Barclays raised the firm’s price target on SoFi Technologies (SOFI) to $9 from $8 and keeps an Equal Weight rating on the shares post the Q3 report. The company reported an adjusted revenue beat, driven by fees from the loan platform business, which more than offset a 7% expense miss, the analyst tells investors in a research note. The firm says SoFi is leaning more into fee based revenue from its lending platform, which is a positive.
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