While the financial-technology sector hasn’t been immune from the broader pressure on software stocks, Citizens JMP analyst Devin Ryan sees an opportunity for investors when it comes to shares of SoFi Technologies.
On Monday, he upgraded SoFi’s stock
SOFI to outperform from perform while setting a price target of $30. He believes that the company has been mistakenly caught up in a recent “risk-off rotation” that has penalized higher-growth names with little regard for fundamentals.
3 reasons why SoFi’s stock now looks like a buy
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While the financial-technology sector hasn’t been immune from the broader pressure on software stocks, Citizens JMP analyst Devin Ryan sees an opportunity for investors when it comes to shares of SoFi Technologies.
On Monday, he upgraded SoFi’s stock
SOFI to outperform from perform while setting a price target of $30. He believes that the company has been mistakenly caught up in a recent “risk-off rotation” that has penalized higher-growth names with little regard for fundamentals.
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