Overview
- Cramer said he is concerned about profit taking in SoFi after a big run, adding that the latest rally "didn't help."
- He has also said the stock is "not finished going higher" and pointed to consistent beats on sales and EBITDA since 2021.
- Truist raised its SoFi price target to $29 from $23 and maintained a Hold rating in a payments and fintech preview.
- The firm expects solid Q3 results on resilient consumer spending but cautioned Q4 guidance could look softer against tough holiday comparables.
- SoFi is slated to report Q3 results on Oct. 28 for its digital finance platform, which includes the Galileo and Technisys units.