I’m invested heavily in SOFI. Last two earnings have been profitable. In this hot market with many stocks topping their all time highs, SOFI lags behind. Even on green days with the overall market up, SOFI doesn’t ever seem to get the memo.
Lots of people point to short interest, “manipulation”, etc. Whatever it may be, the stock moves sideways, with an example of having spent this last week stuck between $6.88-$6.99.
I see people ask what will it take for SOFI to make some substantial movement upwards. Folks seem to agree that the fed dropping interest rates would help a lot. Do you agree with this sentiment? Curious to know what other catalysts could help SOFI in the future.
Personally I’m looking for $8/share this year. I don’t think that’s unreasonable.
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