Analyst Lance Jessurun said the firm a 'long-term winner in the neobank space.'
SoFi Technologies is a top pick in the beleaguered fintech space, BTIG says. Analyst Lance Jessurun initiated the stock with a buy rating, calling it a "long-term winner in the neobank space." "We are at a pivotal point for Fintech stocks, and believe the run-up in valuations over the last two months will see some divergence as the macro environment evolves," Jessurun wrote to clients on Tuesday.
" SOFI 1D mountain SoFi Technologies shares 1-day SoFi shares have more than doubled this year, but the analyst's $14 price target suggests even further upside — more than 46% upside from Tuesday's close of $9.54 per share, in fact. The stock is up 1.5% in the Wednesday premarket.
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