SoFi Technologies ( (SOFI) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
SoFi Technologies’ stock is on the rise after Citizens JMP initiated coverage with an Outperform rating. The firm highlighted SoFi’s growth trajectory, improving profitability, and undervaluation relative to its earnings potential as reasons for the positive outlook. They see SoFi at an inflection point with substantial earnings potential, making it a compelling long-term investment opportunity. The massive addressable market and proven growth are key factors in this analysis.
More about SoFi Technologies
YTD Price Performance: -12.88%
Average Trading Volume: 51,260,623
Technical Sentiment Signal: Sell
Current Market Cap: $13.59B
For further insights into SOFI stock on TipRanks’ Stock Analysis page.
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