Keefe Bruyette analyst Timothy Switzer raised the firm’s price target on SoFi Technologies (SOFI) to $14 from $13 and keeps an Underperform rating on the shares. The firm was not surprised by the capital raise and views the raise positively, the analyst tells investors in a research note.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SOFI:
- SoFi Technologies price target raised to $23 from $20 at Truist
- SoFi’s Unexpected Equity Raise and Its Implications on Market Positioning and Valuation
- Option traders moderately bearish in SoFi Technologies with shares down 4.16%
- SoFi Technologies initiated with a Neutral at Rothschild & Co Redburn
- SoFi Completes Major Stock Offering with Goldman Sachs