SoFi Technologies Inc (NYSE:SOFI) shares are volatile Tuesday after rising nearly 20% over the last five trading sessions and more than 90% over the last month.
What’s Going On: On Monday, Truist Securities analyst Andrew Jeffrey maintained SoFi with a Buy rating and raised the price target from $8 to $11.
Multiple analyst firms have raised price targets on SoFi since the start of the month:
- Wedbush analyst David Chiaverini maintained SoFi with an Underperform, but raised the price target from $2.50 to $3.
- Oppenheimer analyst Dominick Gabriele maintained SoFi with an Outperform and raised the price target from $7 to $8.
- Keefe, Bruyette & Woods analyst Michael Perito maintained SoFi with a Market Perform and raised the price target from $5 to $5.50.
SoFi has been trending across social media platforms in recent days amid a resurgence in growth stocks. It was among the top trending tickers on Stocktwits at last check.
12.58% of SoFi’s float is currently sold short, according to data from Benzinga Pro.
SOFI Price Action: SoFi shares were up 1.41% at $9.29 at the time of writing, per Benzinga Pro.
Photo: Lorenzo Cafaro from Pixabay.
