Jakarta, Gotrade News - Stephen Guilfoyle just dropped his top stock pick for 2026 after nailing his previous predictions.
This veteran analyst is pivoting to the fintech sector, choosing SoFi Technologies, Inc.. Previously, Guilfoyle scored big gains with his calls on Advanced Micro Devices, Inc. and Palantir.
Key Takeaways
The shift in consumer behavior towards digital banking is the main thesis here. Data from The Street shows that 64% of Gen Z now prioritize mobile apps for their banking needs.
CEO Anthony Noto brings massive experience from The Goldman Sachs Group, Inc. to lead the company's expansion. Q3 reports show revenue jumped 38% to $962 million, according to data from The Street.
Management is now targeting full-year 2025 revenue of $3.54 billion thanks to solid performance. Guilfoyle notes that all 13 sell-side analysts have revised their revenue estimates upwards.
Guilfoyle suggests an optimal "buy zone" in the $23 to $20.60 range if there's any short-term dip. The price target is set at $36 with long-term potential reaching $100 based on his personal analysis.
This optimism aligns with other big institutions raising their targets. JPMorgan Chase & Co., for instance, just hiked their target price to $31 early last December.
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