TD Cowen initiated coverage of SoFi Technologies (SOFI) with a Hold rating and $21 price target The firm says SoFi is a leading neo-bank focused on serving customers primarily among higher earners. TD views the company’s product diversification as a core strength but views the shares as fairly valued at current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOFI:
- SoFi Technologies: Strategic Expansion and Technological Advancements Amidst Macroeconomic Challenges
- Hold Rating for SoFi Technologies Amid Legislative Opportunities and Economic Uncertainties
- Sell Recommendation on SoFi Technologies Due to Overvaluation Despite Growth Prospects
- SoFi Technologies price target raised to $13 from $9 at Keefe Bruyette
- Here’s Why Barclays Raised the Price Target for SOFI Stock Ahead of Q2 Earnings