Deutsche Bank Initiates Coverage On SoFi Techs with Hold Rating, Announces Price Target of $11
Portfolio Pulse from Benzinga Newsdesk
Deutsche Bank analyst Mark Devries has initiated coverage on SoFi Technologies, Inc. (NASDAQ:SOFI) with a Hold rating and set a price target of $11 for the company's stock.
January 10, 2024 | 12:11 pm
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SoFi Technologies, Inc. received a Hold rating from Deutsche Bank with a price target of $11, which may influence investor sentiment and stock performance.
The initiation of coverage by a major bank like Deutsche Bank can impact investor sentiment, but a Hold rating suggests a neutral outlook without immediate strong bullish or bearish implications. The price target provides a benchmark for investors but does not imply a significant change in the stock's trajectory in the short term.
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