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#sofi
Citi has raised SoFi Technologies' target price from $11 to $12.50.
Citi analyst Andrew Schmidt raised SoFi Technologies' target price from $11 to $12.50 and maintains a buy rating on the stock. Citi pointed out that favorable conditions for continued strong performance in the fintech industry remain as the third-quarter report approaches. The company believes that factors such as a relatively stable macro environment, modest interest rates, balanced capital trends, improved large cap sentiment, and enhanced profitability may support stock valuation increases. The analyst's stock preferences continue to evolve within the risk range, in line with the new phase of the industry.
🤑 Opinion from Uncle: This is a technology fintech company founded by someone from Facebook and also a supporter of cryptocurrency. Uncle has held it for over three years, watching it go from losses to profit, believing it has the potential to become another technology fintech giant.