SoFi Techs Unusual Options Activity For April 24
Portfolio Pulse from Benzinga Insights
SoFi Technologies (NASDAQ:SOFI) has seen significant options trading activity, with a bullish sentiment from financial giants. Analysis revealed 19 unusual trades, with 57% bullish and 42% bearish. Major trades focus on a price band between $5.0 and $15.0. The company, known for its diverse financial services, has a current stock price of $7.58, slightly down by -0.07%. Analyst ratings in the last 30 days set an average price target of $10.125, with varying recommendations from Citigroup, Jefferies, Needham, and Keefe, Bruyette & Woods.
April 24, 2024 | 8:02 pm
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SoFi Technologies sees bullish options activity, with analysts setting an average price target of $10.125 amidst a slight stock price decrease.
The bullish options activity, combined with the recent analyst ratings, suggests a positive outlook for SOFI's stock price in the short term. Despite a minor decrease in stock price, the overall sentiment and target price indicate potential growth. The company's expansion into various financial services and the upcoming earnings report could further influence its stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100