SoFi Technologies Inc. shares have more than doubled on the year, but they're still cheap in the eyes of BTIG analyst Lance Jessurun.
SoFi Technologies Inc. shares have more than doubled this year, but they’re still cheap in the eyes of BTIG analyst Lance Jessurun.
... SoFi Technologies Inc. shares have more than doubled this year, but they’re still cheap in the eyes of BTIG analyst Lance Jessurun. More from MarketWatch: SoFi’s stock surge continues as debt-ceiling deal brings ‘highly positive development’ “Our multiple is a slight premium to peers, but we believe this is warranted given strong deposit growth despite the broader industry seeing outflows, and the benefits of the tech platform, which we believe are typically overlooked in SoFi’s usual Street valuation,” he wrote.Jessurun is excited about multiple elements of SoFi’s business story, including its “flywheel,” or the idea that once SoFi gets consumers hooked on one financial product, it will be able to sell them on more.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoFi's stock is still 'controversial,' but this analyst sees a sign of progress"SoFi's efforts to educate investors about its strategy, liquidity, fair-value accounting, financial model and credit quality are paying...
Read more »
Why is inflation cooling — and why isn't it coming down more | CNN BusinessAhead of May’s closely watched Consumer Price Index, set to be released Tuesday morning, economists are expecting yet another month of smaller price increases.
Read more »
New Hybrid Material Transforms Light: Revolutionizing Solar Energy, Medical Imaging, and Night Vision TechnologiesResearchers have developed a hybrid material that efficiently transforms low energy light into higher energy light, potentially revolutionizing applications in solar energy, medical imaging, and night vision technologies. A group of scientists and engineers that includes researchers from The Univ
Read more »
Lumen stock pops after company works with Google, Microsoft on new productLumen Technologies Inc. shares have been punished this year, but they were getting a lift in Monday’s premarket action after the company announced that it...
Read more »
Lumen stock surges toward best day in 28 monthsLumen Technologies Inc. shares were extending their rally into a third straight session Tuesday and on track to log their best daily performance in more than...
Read more »
Cathie Wood's ARK dumps some Tesla, Nvidia stock while scooping up Meta sharesCathie Wood's ARK Investment unloaded some shares of Tesla Inc. and Nvidia Inc. across several funds Monday, new disclosures showed.
Read more »