Morgan Stanley Upgrades SoFi Techs to Equal-Weight, Announces $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Jeffrey Adelson has upgraded SoFi Techs (NASDAQ:SOFI) from Underweight to Equal-Weight and announced a $7 price target.
October 31, 2023 | 9:42 am
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SoFi Techs has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a new price target of $7.
The upgrade from Morgan Stanley is a positive signal for SoFi Techs. It indicates that the analyst believes the company's stock is no longer underpriced, which could lead to increased investor interest and potentially a rise in the stock price. The new price target of $7 also provides a clear expectation for the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
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