Citigroup Reinstates Buy on SoFi Techs, Announces $11 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar reinstates a Buy rating on SoFi Technologies (SOFI) with a price target of $11. This indicates a positive outlook on the company's stock.

April 08, 2024 | 10:16 pm
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Citigroup analyst Ashwin Shirvaikar reinstates SoFi Technologies with a Buy rating and sets a price target of $11, indicating a positive outlook.
Analyst ratings, especially from reputable financial institutions like Citigroup, can significantly influence investor sentiment and stock prices. The reinstatement of a Buy rating combined with an ambitious price target suggests a strong vote of confidence in SoFi Technologies' future performance, potentially leading to increased investor interest and a positive short-term price movement.
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IMPORTANCE 90
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