Smart Money Is Betting Big In SOFI Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a bullish stance on SoFi Technologies (NASDAQ:SOFI), with 76% of detected trades being bullish. The options trading activity indicates a target price range of $5.0 to $15.0 for SOFI over the last 3 months. Recent trading volume and analyst ratings suggest a cautious but optimistic outlook for SOFI, with an average price target of $10.125 by four analysts. The company, known for its wide range of financial services, is approaching its earnings announcement, which could influence its stock price.
April 11, 2024 | 5:31 pm
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Smart money's bullish stance and a target price range of $5.0 to $15.0 indicate a positive short-term outlook for SOFI. Analyst ratings and the upcoming earnings announcement could further influence its stock price.
The bullish sentiment among smart money investors, combined with the optimistic price targets set by analysts, suggests a positive short-term impact on SOFI's stock price. The upcoming earnings announcement adds to the potential for stock price movement, making the current outlook particularly relevant for investors.
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