Barclays initiated SoFi at Equal-Weight with a price target of $8 after the market closed on Nov. 14th.
SoFi again has caught the eyes of one of the big boys, and it is the same rating given by Morgan Stanley's recent upgrade with a price target of $7 on Oct. 31st. The price of SoFi has gone from $6.94 at the Oct. 31st opening to $7.48 at the Nov. 14th closing since Morgan Stanley's upgrade.
CFO Fireside Chat today.:
Stephens Annual Investment Conference
Date: Nov. 15, 2023
Time: 2:00 PM PST (5:00 PM EST) Fireside Chat with SoFi CFO, Chris Lapointe
I think long-term investors and institutions should pay close attention to the reiteration by Anthony Noto about “EXPECTED GAAP NET INCOME PROFITABILITY IN THE FOURTH QUARTER”. Profitability is literally right around the corner.
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