SoFi Technologies shares are trading higher after Morgan Stanley upgraded the stock from Underweight to Equal-Weight and announced a $7 price target.
Portfolio Pulse from Benzinga Newsdesk
SoFi Technologies' stock has been upgraded from Underweight to Equal-Weight by Morgan Stanley, which also announced a $7 price target. This has led to an increase in the trading of SoFi shares.
October 31, 2023 | 4:50 pm
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POSITIVE IMPACT
SoFi Technologies' stock has been upgraded by Morgan Stanley, leading to increased trading. The new price target is $7.
The upgrade from Morgan Stanley is a positive signal for SoFi Technologies, which could attract more investors and potentially drive the stock price up. The announcement of a $7 price target also provides a clear expectation for the stock's future performance.
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IMPORTANCE 80
RELEVANCE 100