JP Morgan Maintains Neutral on SoFi Techs, Raises Price Target to $10
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Reginald Smith maintains a Neutral rating on SoFi Techs (NASDAQ:SOFI) and raises the price target from $8 to $10.
August 22, 2023 | 1:01 pm
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NEUTRAL IMPACT
JP Morgan maintains a Neutral rating on SoFi Techs and raises the price target from $8 to $10.
The news is directly related to SoFi Techs as JP Morgan, a major financial institution, maintains a Neutral rating on the company and raises the price target. This suggests that JP Morgan sees potential in the company but also acknowledges risks. This could influence investors' decisions, but the impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100