Wedbush analyst David Chiaverini maintained a Buy rating on SoFi Technologies (SOFI – Research Report) today and set a price target of $8.00. The company’s shares opened today at $6.59.
Chiaverini covers the Financial sector, focusing on stocks such as Silvergate Capital, SoFi Technologies, and Axos Financial. According to TipRanks, Chiaverini has an average return of 1.9% and a 44.88% success rate on recommended stocks.
In addition to Wedbush, SoFi Technologies also received a Buy from Mizuho Securities’s Dan Dolev in a report issued today. However, on January 17, J.P. Morgan initiated coverage with a Hold rating on SoFi Technologies (NASDAQ: SOFI).
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The company has a one-year high of $13.55 and a one-year low of $4.24. Currently, SoFi Technologies has an average volume of 43.53M.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SOFI in relation to earlier this year.
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