Latest news with #DevinRyan
Yahoo
30-07-2025
- Business
- Yahoo
SoFi's Loan Platform Shines In Q2, Driving Profitability And Growth
SoFi Technologies (NASDAQ:SOFI) saw its stock trading lower on Wednesday, despite Wall Street analysts reiterating their ratings after the company reported stronger-than-expected second-quarter financial results on Tuesday. The fintech firm surpassed revenue and earnings estimates, driven by robust growth in its loan platform business and a significant increase in members and products, leading to Needham raising its price target on the stock. SoFi reported second-quarter revenue of $858.23 million, beating analyst estimates of $801.49 million. Total revenue was up 44% as fee-based revenue climbed 72%.Members grew 34% to 11.7 million and products increased 34% year-over-year to 17.1 million. SoFi originated $8.8 billion in loans during the quarter. SoFi raised its full-year 2025 revenue outlook from a range of $3.24 billion to $3.31 billion to a new target of approximately $3.38 billion versus estimates of $3.27 billion. In response to the strong results, Needham analyst Kyle Peterson reiterated a Buy rating on SoFi and increased his price forecast from $20 to $25. Conversely, Citizens JMP Securities analyst Devin Ryan maintained a Market Perform rating. Needham's Take Peterson praised SoFi's second-quarter results, highlighting that revenue and earnings significantly exceeded expectations and Street estimates. The outperformance was driven primarily by strong growth in SoFi's loan platform business, which continues to benefit from resilient demand in private credit. SoFi reported GAAP revenue of $854.9 million (+46% Y/Y), beating the analyst's $805.5 million estimate and the $814.6 million consensus. Adjusted revenue of $858.2 million also exceeded forecasts. GAAP EPS reached 8 cents, topping the analyst's 6 cents estimate and consensus. EBITDA reached $249.1 million, well above the projected $207.5 million, thanks to revenue strength and improved operating leverage. Although net interest margin (NIM) declined slightly to 5.86% (versus 5.95% estimated), this was attributed to balance sheet mix shifts. Following earnings, SoFi raised its fiscal 2025 guidance, now expecting net revenue of ~$3.375 billion (prior: $3.235 billion–$3.310 billion), EBITDA of ~$960 million (prior: $875 million–$895 million), and EPS of 31 cents (prior: 27 cents–28 cents). Shortly after the report, SoFi completed a $1.5 billion secondary common stock offering at $20.85 per share, which Peterson viewed as opportunistically timed. This capital raise is expected to boost total risk-based capital by ~440 basis points, bringing it to an estimated 18.8%, a level the analyst sees as healthy given SoFi's asset mix and growth profile. The analyst noted this improved capital position enhances SoFi's appeal to institutional investors. Citing stronger fundamentals and improved financial flexibility, Peterson raised his fiscal 2025 and 2026 EPS estimates. The valuation is based on a sum-of-the-parts model that assigns $18 per share to the lending segment (at 2.5 times expected TBV) and $7 per share to the technology, financial services, and fee-based businesses, valued at ~7 times fiscal 2026 estimated revenue. This valuation reflects the firm's view of SoFi as a high-growth FinTech with a compelling long-term outlook. Peterson projected fiscal 2025 revenue of $3.38 billion and GAAP EPS of 31 cents. Citizens JMP Securities' Perspective Ryan described SoFi's second-quarter fiscal 2025 as another standout quarter. Revenue and earnings were well above expectations, driven by exceptional loan platform performance. Lending volumes remained strong, with $8.8 billion in originations (up 64% Y/Y), and personal loan originations hitting a record $4.5 billion. The analyst noted improving conditions for student and home loans, driven by waning federal support and expectations of falling interest rates, alongside SoFi's more sophisticated go-to-market strategies. The loan platform business (LPB) continues to gain traction, growing volume by over 50% quarter-over-quarter to $2.4 billion. Ryan highlighted LPB as a valuation-enhancing growth engine, with ample capacity and potential expansion into new loan categories. In the technology segment, SoFi generated $33 million in contribution profit at a 30% margin, and management reiterated its outlook for low double-digit to teens revenue growth in 2025. SoFi expects 10 new clients to generate revenue in the first quarter of 2026, up from zero in the first quarter of 2025, pointing to future momentum. The analyst also flagged early integration of blockchain and AI. SoFi discussed automating international peer-to-peer money transfers via blockchain, re-launching crypto investing, and exploring asset tokenization and treasury-linked stablecoin revenue. On the AI side, the firm launched Cash Coach to help users optimize cash, with broader AI-enabled financial guidance expected to deepen customer engagement and asset consolidation over time. Following strong results, SoFi raised full-year 2025 guidance. Although Ryan had recently downgraded the stock to Market Perform from Market Outperform (citing valuation concerns after a strong run), he acknowledged the quarter was even better than expected. The analyst remains constructive on SoFi's long-term optionality, particularly around blockchain, AI, and potential M&A, but sees the risk and reward as balanced at current valuation levels in the low-to-mid $20s. Their long-term model assumes revenues could triple by 2030, EBITDA margins could expand into the mid-30% range, and EPS could grow to ~$1.75+, supporting a fair value in the mid-$20 range when applying a 25 times multiple and a 13% discount rate. Ryan projected fiscal 2025 revenue of $3.32 billion and adjusted EPS of 28 cents. Price Action: SOFI stock is trading lower by 3.37% to $21.67 at last check Wednesday. Image via Shutterstock Latest Ratings for SOFI Date Firm Action From To Mar 2022 Piper Sandler Initiates Coverage On Neutral Mar 2022 Morgan Stanley Maintains Overweight Mar 2022 Credit Suisse Maintains Neutral View More Analyst Ratings for SOFI View the Latest Analyst Ratings UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? This article SoFi's Loan Platform Shines In Q2, Driving Profitability And Growth originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
16-07-2025
- Business
- Bloomberg
Bloomberg Surveillance TV: July 16th, 2025
- David Malpass, former President at the World Bank - Devin Ryan, Managing Director at Citizens JMP Securities - Pierre Ferragu, Head: Global Technology at New Street Research - Kara Murphy, CIO at Kestra Investment Management David Malpass, former President at the World Bank, joins to discuss President Trump's economic and political priorities both domestically and abroad. Devin Ryan, Managing Director at Citizens JMP Securities, reacts to bank earnings. Pierre Ferragu, Head: Global Technology at New Street Research, talks about Nvidia's valuation after the latest move by the Trump administration on chip trade curbs and also talks about the broader outlook for big tech. Kara Murphy, CIO at Kestra Investment Management, offers her equity outlook for the second half of 2025.
Business Insider
15-07-2025
- Business
- Business Insider
Can Coinbase Reach $440? Citizens JMP's Top Analyst Says Yes
Citizens JMP analyst Devin Ryan raised the price target on Coinbase Global (COIN) stock from $400 to $440, while maintaining a Buy rating. The top analyst attributed the price hike to an improving business outlook across the Financial Services and FinTech sectors. The revised price target implies 13.7% upside potential from current levels. Notably, Bitcoin prices have witnessed a bullish rally this year, with the cryptocurrency reaching new highs. Over the past year, Bitcoin has returned 96.7%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Ryan is a five-star analyst on TipRanks, ranking #7 out of 9,861 analysts tracked. He boasts a 71% success rate and an impressive average return per rating of 32.90%. Here Are Ryan's Bullish Views on COIN Stock Ryan highlighted that the digital asset industry is steadily evolving from a speculative bet to mainstream adoption. With more regulatory frameworks set to moderate the financial services industry, the adoption of digital assets is expected to increase further. For instance, the passage of the GENIUS Act is poised to be highly beneficial for the stablecoin market, where Coinbase, along with its partner Circle Internet (CRCL), is a large player. Moreover, the analyst believes that in the second half of this year, growth prospects for the sector will strengthen, given the combination of new regulations, advanced infrastructure, and evolving business models. Despite these positive sentiments, the industry is expected to remain underestimated over the next few years, he added. The analyst also increased his earnings per share (EPS) estimates for fiscal 2025 from $5.83 to $6.39, and for fiscal 2026 from $10.25 to $10.45. Furthermore, Ryan is highly encouraged by the solid recovery in the capital markets, with merger and acquisition (M&A) activity up 20% over the first half of last year and on track to reach $4.3 trillion this year. At the same time, the initial public offering (IPO) market is off to a strong start this year, following a three-year lull, with the number of U.S. IPOs up 80% year-over-year. Is COIN a Good Stock to Buy? Analysts remain divided about Coinbase Global's long-term stock trajectory. On TipRanks, COIN has a Moderate Buy consensus rating based on 12 Buys, 11 Holds, and one Sell rating. Also, the average Coinbase Global price target of $306.38 implies 20.8% downside potential from current levels. Year-to-date, COIN stock has surged 55.9%.
Business Insider
14-07-2025
- Business
- Business Insider
Morning News Wrap-Up: Monday's Biggest Stock Market Stories!
The trading week has only just begun, and already there are loads of stock market stories traders need to know about. TipRanks is here to help with its roundup of the top stock market news on Monday! Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Daré Bioscience (DARE) stock rocketed higher on new clinical trial results. Synopsys (SNPS) and Ansys (ANSS) received conditional approval for a merger. Sonnet BioTherapeutics (SONN) surged on plans to create a crypto treasury. IMAX (IMAX) stock rallied today alongside a handful of analyst Buy ratings. SoFi Technologies (SOFI) stock suffered a downgrade from Citizens JMP top analyst Devin Ryan. Stardust Power (SDST) stock took off following a deal between the Department of Defense and MP Materials (MP). The Dow Jones Industrial Average (DJIA) was down alongside investor concern over President Donald Trump's tariffs. SoundHound AI (SOUN) stock slipped following a downgrade from analyst James Fish. Strategy (MSTR) has dedicated another $472.5 million to Bitcoin (BTC). Marathon Digital (MARA) stock gained after Bitcoin hit a new all-time high and Crypto Week began. Amazon (AMZN) reported $24.1 billion in online spending during Prime Day. McGraw Hill has revealed plans for a $4.2 billion initial public offering (IPO). Microsoft (MSFT) scored a win on Sony's (SONY) PlayStation 5 with strong Forza Horizon 5 sales. IBM (IBM) has launched new tools to help manage AI agents. Rocket Lab (RKLB) stock climbed on praise from Jim Cramer and a Citi price target update. Kenvue (KVUE) underwent a leadership change with the departure of its CEO. Bitcoin has surpassed gold (GLD) to become the top-performing asset of 2025.
CNBC
14-07-2025
- Business
- CNBC
Stay away from Goldman Sachs after monster rally this year, Citizens says
Citizens is stepping away from Goldman Sachs for now. Analyst Devin Ryan downgraded the big bank to market perform from market outperform. He also removed his $600 price target, which implied a 14.9% decline from Friday's close. "At $700+ today, we believe much of our thesis has played out and the bar is now much higher for another leg up," the analyst wrote. "Accordingly, while we are bullish on the business, we see the risk/reward as balanced and we will evaluate for a new entry point or developments that change our valuation framework." Ryan added that the last time he upgraded Goldman Sachs was in January 2020, when the stock traded at around $220. The upgrade made sense at the time, given Goldman Sachs' rapidly growing business verticals. "We believe we had a differentiated call over the years as the company was gaining more market share in its Institutional business than we believe was widely appreciated while it had also raised more AUM than most publicly traded Alternative Asset Managers, with a substantial earnings runway ahead for that business — which we argued should also drive operating margins and return on equity higher at the firmwide level, valuation enhancing," he wrote. Now, with the stock trading around $700, gains may be harder to come by. Shares of Goldman Sachs have rallied 23% this year. GS YTD mountain GS YTD chart Analysts are generally split on the stock. Of the 23 who cover Goldman, 10 rate it a buy or strong buy, according to LSEG. Another 12 have a hold rating on it, and one rates the stock as underperform.
