#sofi Citi has raised SoFi Technologies' target price from ...
#sofi
Citi has raised sofi Technologies' target price from $11 to $12.50.
Citi analyst Andrew Schmidt has raised SoFi Technologies' target price from $11 to $12.50, maintaining a buy rating on the stock. Citi points out that as the third-quarter report approaches, favorable conditions for the continued active performance of the fintech industry still exist. The company believes that factors such as a relatively stable macro environment, stable and slightly lower interest rates, balanced capital trend, improved sentiment in large cap stocks, and increased profitability may support stock valuation growth. The analyst's stock preferences are further shifting within the risk range, consistent with the new phase of the industry.
🤑 Uncle's opinion: This is a technology fintech company, founded by someone from FB and also a supporter of cryptocurrencies. Uncle has held it for over three years, watching it go from loss to profit, believing it has the potential to become another technology fintech giant.
Citi has raised sofi Technologies' target price from $11 to $12.50.
Citi analyst Andrew Schmidt has raised SoFi Technologies' target price from $11 to $12.50, maintaining a buy rating on the stock. Citi points out that as the third-quarter report approaches, favorable conditions for the continued active performance of the fintech industry still exist. The company believes that factors such as a relatively stable macro environment, stable and slightly lower interest rates, balanced capital trend, improved sentiment in large cap stocks, and increased profitability may support stock valuation growth. The analyst's stock preferences are further shifting within the risk range, consistent with the new phase of the industry.
🤑 Uncle's opinion: This is a technology fintech company, founded by someone from FB and also a supporter of cryptocurrencies. Uncle has held it for over three years, watching it go from loss to profit, believing it has the potential to become another technology fintech giant.
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