BofA raised the firm’s price target on SoFi Technologies to $11.50 from $10 and keeps a Neutral rating on the shares. While FY23 guidance was raised, adjustments “add noise,” says the firm, which adds that it thinks the current valuation appears to reflect the growth opportunity.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on SOFI:
- Is SoFi Stock Still Worth Buying After Its 130% Rally This Year? Analyst Weighs In
- Is SoFi Stock a Buy, Sell, or Hold After Q2 Earnings?
- SoFi outlook supports positive share view, says Citi
- Sofi Technologies Inc Earnings Report: Is it a Beat?
- SoFi Technologies price target lowered to $13 from $14 at BTIG