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Why SoFi Shares Are Trading Higher Today

Benzinga2021-10-11

SoFi Technologies Inc shares are trading higher after Morgan Stanley initiated coverage on the stock with an Overweight rating, stating that two catalysts could help move the stock higher.

Morgan Stanley analyst Betsy Graseck gave SoFi's stock a price target of $25.00, which is higher than the average Wall Street price target of $23.83.

Graseck noted "Initiating on SoFi, a powerful revenue growth story as it ramps share of the consumer financial services wallet."

"Competition is rising among challenger FinTechs for Gen Y & Z, but SOFI has a leg up given its roots in the hardest part of consumer finance, lending, along with a robust digital offering," she added.

SoFi's technology platform allows customers to have an all-in-one app and website to trade, invest, apply for loans and more.

The stock traded up more than 8% Monday morning, around $17.6 a share.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论30

  • beankim
    ·2021-10-12
    so what is the plan?
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    • cutemiao
      Nice!!
      2021-10-12
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  • ming22
    ·2021-10-12
    Hope to see $25 soon 
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  • Bentofighter
    ·2021-10-12
    Pls like
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  • Cvt
    ·2021-10-12
    Like and [Happy] 
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  • Wallstrtbets
    ·2021-10-12
    Higher? Or lower?
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  • Syin23
    ·2021-10-12
    Finally more coverage on the stock [得意] 
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    • Cvt
      Like
      2021-10-12
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    • JJQ
      👍
      2021-10-12
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  • Jason7890
    ·2021-10-11
    Just shortist start covering.
    回复
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  • Limwy
    ·2021-10-11
    Why you wanna know? Just buy.
    回复
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  • JiaocyTi
    ·2021-10-11
    Yry
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  • JiaocyTi
    ·2021-10-11
    Good
    回复
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    • JiaocyTi
      Analysis
      2021-10-11
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  • PS153
    ·2021-10-11
    good news
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  • Anzygart
    ·2021-10-11
    Great
    回复
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  • CocoaGinger
    ·2021-10-11
    Hi good 
    回复
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  • coldsadcat
    ·2021-10-11
    F
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  • MoneyCentral
    ·2021-10-11
    Waited long enough
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  • SteadyDoesIt
    ·2021-10-11
    About time
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    • ilovekirby
      Yes, it’s about time Sofi goes up.
      2021-10-12
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  • kukumolu
    ·2021-10-11
    Drop
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  • Viboon
    ·2021-10-11
    👍
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    • btoh
      ok
      2021-10-11
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  • DragonKing
    ·2021-10-11
    Why?
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  • ning9
    ·2021-10-11
    like
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    • pbubz
      Yeah
      2021-10-11
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