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Stephens Initiates Buy Rating on SoFi Technologies, Highlights Diversified Growth Platform
Stephens Initiates Buy Rating on SoFi Technologies, Highlights Diversified Growth Platform
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Stephens analyst Kyle Joseph assigned a Buy rating and $20 price target to SoFi Technologies (SOFI), citing its diversified business model and productivity loop. The fintech''s stock remains undervalued despite a 3.3% YTD decline, with fee-based revenue shifts expected to drive expansion.
Specialty finance firms like SoFi—with funding advantages and superior customer acquisition—are best positioned to weather economic turbulence, according to Joseph. William Blair''s Andrew Jeffrey reaffirmed his bullish stance after meetings with SoFi''s CFO at the Growth Stock Conference.
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