SoFi Technologies Stock Is Surging: What's Going On?
Portfolio Pulse from Adam Eckert
SoFi Technologies Inc (NASDAQ:SOFI) stock is surging on above-average volume following positive analyst coverage from Truist Securities, which maintained a Buy rating and raised the price target from $8 to $11. Other analyst firms have also raised price targets on SoFi this month.
June 12, 2023 | 5:03 pm
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POSITIVE IMPACT
SoFi Technologies stock is experiencing a surge due to positive analyst coverage from Truist Securities and other firms raising price targets.
The positive analyst coverage from Truist Securities and other firms raising price targets on SoFi Technologies has led to increased trading volume and a surge in the stock price. This indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100